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  • Negative Externality: A Framework for Contemplating Systemic Risk
    Negative Externality: A Framework for Contemplating Systemic Risk Applies the economic concept of negative externality (where firms profit but create unacceptable social costs) to systemic of ...

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    • Authors: Richard Gorvett
    • Date: Sep 2012
    • Competency: External Forces & Industry Knowledge>Actuarial theory in business context; Professional Values>Public interest representation
    • Publication Name: Risks & Rewards
    • Topics: Economics>Macroeconomics; Enterprise Risk Management>Systemic risk