The paper provides novel insights on the effect of a firm's risk management objective on the optimal design of risk … hazard. In contrast to the case of risk aversion and moral hazard, the optimal insurance contract involves a joint deductible …

Nearly all monetary unions are true ‘insurance unions': they not only centralise risk management with regard to banks … insurance union, addressing the risk of large economic shocks. I apply a ‘vaccination metaphor', which signals two policy …, to keep the vaccination program affordable. If such a mechanism is set up ex ante, risk reduction and risk sharing …

authorities and agencies and/or public authorities and civil society for disaster risk reduction. We pay attention to Public … resource management (CBNRM) and disaster risk reduction (CBDRR), as well as other cooperative initiatives. In many respects …. The analysis is complemented by examples of PuPs addressed in the ENHANCE case studies in which disaster risk reduction …

the uncertainty about the risks in question, and involve three trade-offs: innovation vs. risk avoidance; liability vs …. collective risk sharing; and equity vs. practicable claims settlement. We study two highly instructive examples: nuclear …