We investigate the economic impact of stochastic endogenous extreme events and insurance in a growth model. Our … analytical results and computational experiments show that i) transparency of the insurance sector is the decisive requisite for … insurance fairly is preferable to an insurance industry which provides insurance with an overhead. …

, a substantial share of annual redistribution might turn out to serve individual insurance in a longer perspective …

, a substantial share of annual redistribution might turn out to serve individual insurance in a longer perspective. In …