Neumayer, Eric; Plümper, Thomas; Barthel, Fabian - London School of Economics (LSE) - 2014
prevention policies and damage mitigation regulations. Yet, disaster damage varies greatly across countries. We argue that … a country's disaster propensity - holding everything else equal, such as hazard magnitude, the country's total wealth …. Governments, which can in principle correct these market failures, themselves face incentives to underinvest in costly disaster …