When All Else Fails: Government as the Ultimate Risk Manager

By David A. Moss. 2002

298 citations recorded by the source corpus.

How researchers see this paper

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From Efficient Markets Theory to Behavioral Finance (2003, unknown): “As Moss (2002) has documented, the idea that all publicly traded stocks should have limited liability for their investors was the result of experimenting with different kinds of stockholder liability in the United States in the early nineteenth century and the discovery of the psychological…”
Allocation of post-disaster reconstruction financing to housing (2004, background): “…government has increased over the decades: it covered 3.3% of the total damages from the Mississippi floods of 1927, 6.2% of damage after Hurricane Diane of 1955, 12.8% of damage after the Pacific Northwest floods of 1964 and 52.5% of the damages after the Mississippi floods of 1993 (Moss, 2002).”
Regulatory Capitalism: The Dynamics of Change beyond Telecoms and Electricity (2006, background): “This, in turn, allows us to think about basic institutions of capitalism such as the corporation (Parker 2002) and explore risk management as a public function that both constitutes and mediates capitalism (Moss 2004; Shearing 1993).”
Catastrophe risk, insurance and terrorism (2004, background): “As Moss (2002) has shown, government is ‘the ultimate risk manager’ because it has unique capacities to intervene in imperfect markets in order to shift, spread, and reduce the direct impact of risks.”