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experience of such disasters affects the perception of the risk of nuclear accidents. Estimation results show that the perceived … risk of a nuclear accident is positively associated with experiencing technological disasters but not with that of natural …
Persistent link: https://www.econbiz.de/10010597556
I examine the learning process that economic agents use to update their expectation of an uncertain and infrequently observed event. I use a new nation-wide panel dataset of large regional floods and flood insurance policies to show that insurance take-up spikes the year after a flood and then...
Persistent link: https://www.econbiz.de/10010815888
' adoption choices are affected by profit and risk considerations and by credit and biophysical constraints. New technologies …
Persistent link: https://www.econbiz.de/10010823033
associated with a stronger relationship between premiums and local disaster risk: A one standard-deviation increase in disaster … risk is associated with $500 higher premiums in 2023, up from $300 in 2018. Second, using the rapid rise in reinsurance … prices as a natural experiment, we show that the increase in the risk-to-premium gradient was largely caused by the pass …
Persistent link: https://www.econbiz.de/10014576608
distribution, with associated costs for weather risk management and risk-averse decision-makers. These costs result purely from the …
Persistent link: https://www.econbiz.de/10014635647
"Featuring real world examples of how risk information affects public choices, The Economics of Environmental Risk … by officials providing information on risk and designing policies for managing them. Further consideration is also given … public policy, risk analysis and environmental and resource economics will value the useful examples found in this …
Persistent link: https://www.econbiz.de/10013537823
We contribute to the literature on well-being and comparisons by appealing to new Danish data dividing the country up into around 9,000 small neighbourhoods. Administrative data provides us with the income of every person in each of these neighbourhoods. This income information is matched to...
Persistent link: https://www.econbiz.de/10004992797
Why should deployment affect re-enlistment? In our model, members enter the military with naive beliefs about deployment and use actual deployment experience to update their beliefs and revise their expected utility of re-enlisting. Empirically, re-enlistment is related to the type and number of...
Persistent link: https://www.econbiz.de/10005462778
We explore a New Keynesian Model with diverse beliefs and study the aggregation problems in the log-linearized economy. We show the solution of these problems depend upon the belief structure. Agents' beliefs are described by individual state variables and satisfy three Rationality Axioms,...
Persistent link: https://www.econbiz.de/10011051941
risk, arising from the failure to disclose unfavorable information, not only prompts bad news disclosures but also crowds …
Persistent link: https://www.econbiz.de/10010259662