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; Europe ; Germany …This paper provides an overview on the existing systems of natural hazards insurance in Europe, their structural … growing number of natural disasters. Using the case of Germany as an example, the paper demonstrates that the obstacles facing …
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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 abatement activities, implying substantial policy...
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