Baglioni, Angelo; Grillo, Michele - Dipartimenti e Istituti di Scienze Economiche, … - 2009
probability of a disaster, together with the height of the economic damage normally involved and the strong correlation among … avoids the discretionary ex post public intervention, allows an inter-temporal risk diversification, and avoids the waste of … resources in risk selection (a typical feature of the private provision of insurance). …