Affiliation:
1. School of Finance Shanghai University of Finance and Economics Shanghai People's Republic of China
Abstract
AbstractIn the psychological and sociological framework of risk, we establish a static and dynamic equilibrium model for risk‐sharing institutional evolution. Particularly, through a comparative study of marine insurance development in China and Europe, we address a wide set of research questions concerning why China and Europe relied on different social organizations for risk sharing.
Subject
General Economics, Econometrics and Finance
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