SCHMITT, André; SPAETER, Sandrine - Bureau d'Économie Théorique et Appliquée (BETA), … - 2004
increases when insurance is combined with a financial hedging strategy. This positive effect on prevention is further enhanced … that standard insurance is useful to manage small and medium oil spills, while investments on financial markets help to … cover large oil spills, less frequent but much more catastrophic for society. We also show that the prevention of oil spills …