| 1. |
- Radetzki, Marcus, 1967-, et al.
(författare)
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Genes and insurance : Ethical, legal and economic issues
- 2003
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Bok (refereegranskat)abstract
- The authors of this study emphasize the effectiveness of collectively funded public insurances as opposed to genetic information regulation within the private insurance sector. Genetics has provided tools to determine individuals' risk of future disease, which is of key interest for insurance companies in determining insurance premiums; but persons with high enough risk may remain uninsured. For this reason, genetic information has been regulated. But, regulation may not be the solution, according to the authors, and they call for the resumption of social insurance, a key element of the welfare state.
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| 2. |
- Radetzki, Marcus, 1967-, et al.
(författare)
-
Genes and Insurance. Ethical, Legal and Economic Issues
- 2003
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Bok (refereegranskat)abstract
- The authors of this study emphasize the effectiveness of collectively funded public insurances as opposed to genetic information regulation within the private insurance sector. Genetics has provided tools to determine individuals' risk of future disease, which is of key interest for insurance companies in determining insurance premiums; but persons with high enough risk may remain uninsured. For this reason, genetic information has been regulated. But, regulation may not be the solution, according to the authors, and they call for the resumption of social insurance, a key element of the welfare state.The results are examined here of two key social developments in recent years: the partial dismantling of the welfare state and the progress of genetics. Genetic insights are becoming increasingly valuable for risk assessment, and insurers would like to use these insights to help determine premiums. Combined with the fact that social welfare is being curtailed, this could potentially create an uninsured high-risk population. Along with considerations of autonomy and privacy, this forms the basis for an ethical critique of insurers’ access to information. There has often been regulation of such information, but the authors argue that because of adverse selection regulation will not solve these problems and may jeopardise the survival of private personal insurance. Instead, we should look towards the resurrection of social insurance, a key component of the welfare state. This book will interest academic researchers and professionals involved with genetics and insurance.
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| 3. |
- Radetzki, Marcus, 1967-, et al.
(författare)
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Private arrangements to cover large-scale liabilities caused by nuclear and other industrial catastrophes
- 2000
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Ingår i: Geneva papers on risk and insurance. Issues and practice. - : Springer Science and Business Media LLC. - 1018-5895 .- 1468-0440. ; 25:2, s. 180-195
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Tidskriftsartikel (refereegranskat)abstract
- Nuclear and other industrial activities create rare likelihoods for very large catastrophes. Available insurance, intra-industry pooling of risk and the net worth of those who cause the risk, provide an inadequate coverage for compensation of third-party damage. In OECD countries, the top layer of damage compensation after such catastrophes is regularly transferred, explicitly or implicitly, to governments. This constitutes a subsidy of the risk-creating industries. For a variety of reasons, traditional insurers are unwilling to assume full liability for the potentially colossal damage of industrial catastrophes. Such risks could be offloaded to the immensely larger capital market through the issue of catastrophe bonds. This would obviate the need for public subsidy, and provide a means for market pricing of the risks, but considerable needs for public intervention would nevertheless remain.
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| 4. |
- Aguilera, Roberto F., et al.
(författare)
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Rewolucja £upkowa : Oewiatowe rynki gazu i ropy naftowej w warunkach transformacji
- 2015
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Ingår i: Gospodarka Surowcami Mineralnymi. - : Walter de Gruyter GmbH. - 0860-0953 .- 2299-2324. ; 31:1, s. 5-26
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Tidskriftsartikel (refereegranskat)abstract
- The shale gas and oil revolution has unexpectedly and forcefully begun to change the energy landscape in the United States. It is expected to spread beyond the US, with far reaching implications for the global energy map, but also for themacro-economy and politics ofmany countries. The purpose of this paper is to bring a better understanding to what prompted the revolution, to assess the production methods and associated environmental concerns, to speculate what can reasonably be expected in coming decades, and to sketch the full impact of a ripening shale revolution on the emerging economic and political policy choices for energy exporting and importing countries.We find that a large scale expansion can be expected in US shale gas and oil activities in the coming two decades. Globally, the shale leaders are likely to be countries that are already significant gas and oil producers. Setting up a policy framework to allow and promote shale development in a safe manner is a necessity for the launch of shale exploitation. The most important implication of a successful shale revolution would arguably be a downward pressure on gas and coal prices in regional markets and on the global oil price.
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| 5. |
- Aguilera, Roberto F., et al.
(författare)
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Shale gas and oil: Fundamentally changing global energy markets
- 2013
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Ingår i: Oil & gas journal. - 0030-1388 .- 1944-9151. ; 111:12, s. 54-61
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Tidskriftsartikel (refereegranskat)abstract
- Shale production on a significant scale arose quite recently and is so far limited to the US with gas having a few years' lead on oil. Shale has already had a significant impact on US gas and oil output. Further sizable production increases can be expected in the US, and the shale revolution is likely to spread, with a lag, across the globe. This will result in fundamental repercussions for international energy markets. The resources in focus of our attention, comprising shale gas and coalbed methane along with tight gas and tight oil, typically lack strict definitions and they often overlap. However, they are all characterized by low permeability that yields commercially insufficient flows from vertical drilling. The shale revolution is the result of technological breakthroughs in horizontal drilling and hydraulic fracturing that have made vast dormant gas and oil resources economically exploitable
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| 6. |
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| 7. |
- Aguilera, Roberto F., et al.
(författare)
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The Price of Oil
- 2015
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Bok (refereegranskat)abstract
- Drawing on their extensive knowledge of the oil industry, Roberto F. Aguilera and Marian Radetzki provide an in-depth examination of the price of the world's most important commodity. They argue that although oil has experienced an extraordinary price increase over the past few decades, we have now reached a turning point where scarcity, uncertain supply and high prices will be replaced by abundance, undisturbed availability and suppressed price levels. They look at the potential of new global oil revolutions to bring the upward price push to an end and examine the implications of this turnaround for the world economy, as well as for politics, diplomacy, military interventions and the efforts to stabilize climate. This book will appeal to a wide readership of both academics and professionals working in the energy industry, as well as to general readers interested in the ongoing debate about oil prices
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| 8. |
- Aguilera, Roberto F., et al.
(författare)
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The shale revolution : Global gas and oil markets under transformation
- 2014
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Ingår i: Mineral Economics. - : Springer Science and Business Media LLC. - 2191-2203 .- 2191-2211. ; 26:3, s. 75-84
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Tidskriftsartikel (refereegranskat)abstract
- The shale gas and oil revolution has unexpectedly and forcefully begun to change the energy landscape in the USA. It is expected to spread beyond the USA, with far reaching implications for the global energy map, but also for the macroeconomy and politics of many countries. The purpose of this paper is to bring a better understanding to what prompted the revolution, to assess the production methods and associated environmental concerns, to speculate what can reasonably be expected in coming decades, and to sketch the full impact of a ripening shale revolution on the emerging economic and political policy choices for energy exporting and importing countries. We find that a large scale expansion can be expected in US shale gas and oil activities in the coming two decades. Globally, the shale leaders are likely to be countries that are already significant gas and oil producers. Setting up a policy framework to allow and promote shale development in a safe manner is a necessity for the launch of shale exploitation. The most important implication of a successful shale revolution would arguably be a downward pressure on gas and coal prices in regional markets and on the global oil price.
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| 9. |
- Aguilera, Roberto F., et al.
(författare)
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The synchronized and exceptional price performance of oil and gold : Explanations and prospects
- 2017
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Ingår i: Resources policy. - : Elsevier. - 0301-4207 .- 1873-7641. ; 54, s. 81-87
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Tidskriftsartikel (refereegranskat)abstract
- This paper compares the global markets for gold and oil so as to explain the surprisingly high correlation of the two materials’ prices since 1970, and the exceedingly impressive rise of both price series compared with that of virtually all other primary commodities. We propose that developments in the oil market, and the resulting effects on the macroeconomy, influenced investment activity in gold, thus providing the most plausible explanation for the two commodities’ price synchronization. Our view on the extraordinary price increases of oil and gold, compared to a broad category of metals and minerals, is that oil prices rose first based on above-ground hurdles that restrained the capacity to produce, and gold prices then reacted as they were pushed up by rising safe-haven investment to store value – an attribute not shared by other metals and minerals. The paper also comments on the likely future price evolution of these important materials, arguing that oil prices will stagnate at levels observed from late 2014, or even weaken in the coming decades, but that gold prices will continue to ride relatively high – thus leading to a collapse of the oil/gold price connection.
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| 10. |
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