Vorliegendes Arbeitspapier untersucht, welche Lehren die Schweiz aus der Abschaffung der Pflicht- und Monopolanstalten (PMA) in der Gebäudeversicherung in Deutschland ziehen kann.

It is widely recognized that market failureʺ prevents efficient risk sharing in natural disaster insurance. As a consequence, many countries adopted institutional frameworks presenting public sector participation, often praised as public-private partnerships. We define risk selection as a...