Optimal Combination of International and Inter-temporal Diversification of Disaster Risk: Role of Government

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Other Title
  • 災害リスクの国際的・世代間分散の最適組み合わせ : 政府の役割

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Abstract

This paper aims at recalling the role of the government in the financial management of disaster risk, instead of emphasizing on the importance of insurance industry. It tries to check whether a combined approach of inter-generational and international disaster risk diversification would help to optimize social welfare. In this study, a one-goods, two-country and two-period-overlapping-generations model is set up to make comparative analysis on this combined instrument and traditional instruments. In the model, the disaster risk could be diversified by the open capital market, the private insurance contract or the combined instrument, disaster reserve fund plus international loan. The result shows that the intervention from the government could successfully diversify disaster risk among generations and then increase the expected utility of the households.

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Details 詳細情報について

  • CRID
    1050282677039201536
  • NII Article ID
    120001238644
  • NII Book ID
    AN00027784
  • ISSN
    0386412X
  • HANDLE
    2433/73331
  • Text Lang
    en
  • Article Type
    departmental bulletin paper
  • Data Source
    • IRDB
    • CiNii Articles

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