Gordon Woo

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  • Dwight Jaffee, Johan Walden, Greg Duffee, William Ellsworth, Christine Parlour, Jacob Sagi +2 others
  • 2007
We develop a model for markets for catastrophic risk. The model explains why insurance providers may choose not to offer insurance for catastrophic risks and not to participate in reinsurance markets, even though there is a large enough market capacity to reach full risk sharing through diversification in a reinsurance market. This is a " nondiversification(More)
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