Whether you attend a Penn Wharton B-School for Public Policy seminar in-person, or you want access to the faculty expertise outside of the classroom, there are many ways to engage.
If you are interested in speaking directly with one of the faculty experts, please contact Andrew Coopersmith, Managing Director of Penn Wharton PPI, to check on the professor’s availability.
Professor Howard Kunreuther • June 23
The reauthorization of the National Flood Insurance Program (NFIP) (set to expire in September) encompasses issues of risk transparency and fairness. There is general agreement that floodplain residents need to know their risk-based insurance premium–and with that information, how to make their homes safer and thus make flood insurance more affordable. This talk, by Professor Howard Kunreuther, will discuss the importance of accurate mapping of flood risk, how to encourage investment in cost effective mitigation measures, and ways to deal with fairness and affordability in designing a flood insurance program for the future. Your familiarity with these topics will be helpful as you review proposed legislation for the NFIP reauthorization.behavioral economics|insurance|podcast|right|risk management
The National Flood Insurance Program (NFIP), which provides federally administered flood insurance, is up for reauthorization in September. Since its inception in 1968, the NFIP has been amended several times. The Biggert-Waters Flood Insurance Reform Act of 2012 was written to address the insolvency of the NFIP by moving to a risk-based premium model for many homes in flood-prone areas, some of which were being charged a subsidized flood insurance premium. Implementation of Biggert-Waters was delayed, however, with the passage of the Homeowner Flood Insurance Affordability Act of 2014. With the continued concern over the financial solvency of the NFIP, the reauthorization will need to address two core questions: (1) What does it mean to implement a risk- based premium? And (2) What does it mean to deal with issues of fairness and affordability?
Professor Kevin Werbach • May 19
At a time when public confidence in major societal institutions seems to be under siege, the blockchain offers an intriguing new paradigm for establishing trust in human transactions. The blockchain, through its use of secure cryptography and reliance on distributed consensus networks, is the basis for “trustless trust”—that is, it makes it possible for people to trust the output of the blockchain system without trusting any actor within it. The blockchain will need governance mechanisms, however, in order to realize its enormous potential. In this seminar, Professor Kevin Werbach will discuss in more detail how the respective roles of blockchain platforms and more traditional legal mechanisms can be made to work together.blockchain|podcast|regulation|right
Professor Joao Gomes • March 24The United States is by far the world’s largest exporter of services and maintains an enormous trade surplus in services. Professor Gomes takes a closer look at the economics of boosting service exports as a means of rebalancing the US trade deficit and, in the process, shed new light on policy discussions regarding the future of America’s trade agreements.left|regulation|tradeView summary » A trade deficit is defined by the amount by which a country’s imports exceeds the value of its exports. The US has consistently held a trade deficit since the 1970s; as of the end of 2016, the deficit had risen to $502 billion. This trade deficit has been a “political hot potato,” particularly with respect to China, on the assumption that a sustained deficit weakens the overall economy. But is that accurate?
As Congress looks at restructuring the National Flood Insurance Program — legislators must address the issue of fairness. Howard Kunreuther, Professor of Decision Sciences and Business Economics and Public Policy at the Wharton School, joins host Dan Loney on Knowledge@Wharton to discuss this important and timely topic.
Wharton legal studies and business ethics professor Kevin Werbach talks about the transformative potential of the blockchain, the underlying technology behind cryptocurrencies such as the bitcoin. While the adoption of cyber-currencies is running into headwinds, the blockchain is finding more practical use across industries. Its nature as a distributed ledger in which transactions are transparent among parties creates a “new architecture of trust,” Werbach adds. One doesn’t have to trust another party in a blockchain to do a transaction even if there is no centralized authority, such as a bank or government, in charge.
Does the U.S. system of taxation potentially give foreign buyers of U.S. multinational businesses an unfair advantage? Jennifer Blouin, Professor of Accounting at the Wharton School, joins host Dan Loney on Knowledge@Wharton to discuss this important and timely topic.