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On the optimal design of disaster insurance in a federation

✍ Scribed by Timothy J. Goodspeed; Andrew F. Haughwout

Publisher
Springer
Year
2011
Tongue
English
Weight
363 KB
Volume
13
Category
Article
ISSN
1435-6104

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## Abstract This paper studies the politico‐economic reasons for the refusal of a proposed compulsory flood insurance scheme in Germany. It provides the rationale for such a scheme and outlines the basic features of a market‐orientated design. The main reasons for the political rejection of this pr