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On the political economy and limits of crisis insurance: the case of the 2008–11 bailouts

✍ Scribed by Roger D. Congleton

Publisher
Springer US
Year
2011
Tongue
English
Weight
791 KB
Volume
150
Category
Article
ISSN
0048-5829

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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