Can the existing and very extensive private sector organizations provide those at risk from climate change with adequate insurance cover? If not, why not? What changes in market institutions might be appropriate in this case? This paper is about these and related questions. In attempting to answer them, we deal with many different aspects of the theory of risk-bearing.

Author names: 
Chichilnisky, G.
Heal, G.

Chichilnisky, G., & Heal, G. (1993). Global Environmental Risks (Discussion Papers No. 1993_03). Columbia University, Department of Economics. Retrieved from

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