Luttmer, Erzo F.P.; Zeckhauser, Richard; Kousky, Carolyn - National Bureau of Economic Research (NBER) - 2006
Hurricane Katrina did massive damage because New Orleans and the Gulf Coast were not appropriately protected. Wherever natural disasters threaten, the government -- in its traditional role as public goods provider -- must decide what level of protection to provide to an area. It does so by...