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- W4285155076 abstract "This chapter investigates the possibility of ex-post risk management for local governments facing the risk of tap water pollution; this is still required to deal with the difficulty of prediction and urgency, even after the ex-ante risk management method has been introduced into the tap water quality management system. In Sect. 2.1, we categorize three ex-post risk management methods. In Sect. 2.2, we analyse the efficiency of risk sharing using insurance contracts. Then, based on the implications of the analysis in Sect. 2.2, the applicability of insurance risk sharing in tap water pollution is discussed in Sect. 2.3. By investigating the applicability of insurance by the agency theory, we showed that the subsidy-based risk sharing system is promising as an ex-post management system of water pollution risk. However, distortions in resource allocation due to the subsidy system are not negligible problems; it is necessary that a comprehensive comparison of the applicability of an ordinary private insurance system is conducted, which can better enjoy the efficiency of the market mechanism. The benefits of creating an integrated insurance system for comprehensive environmental risks including air pollution or soil pollution is discussed, which will bring benefits of risk pooling and lower insurance premium in the case that the insurance applicability fails because the water pollution risk from tap water alone has no marketability for small-sized businesses." @default.
- W4285155076 created "2022-07-14" @default.
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- W4285155076 date "2022-01-01" @default.
- W4285155076 modified "2023-09-23" @default.
- W4285155076 title "Ex Post Risk Management of Environmental Contamination of Municipal Water" @default.
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- W4285155076 doi "https://doi.org/10.1007/978-981-16-4501-3_2" @default.
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