Public Insurance and Private Markets

In Public Insurance and Private Markets, leading economists critically examine the government's role in insuring against pension fund shortfalls, crop losses, property damage from floods and other natural catastrophes, bank failures, and terrorism. Jeffrey R. Brown and his coauthors argue that government intervention must always be economically justified; that risk-adjusted premiums are essential; that the true taxpayer burden for public insurance programs must be recognized; and that private markets are capable of transferring risk with limited government intervention. --