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Efficient Adaptation to Flood Risk
Hovekamp, Winston; H. Wagner, Katherine R. - 2023
This paper studies whether private adaptation to flood risk is economically efficient. We estimate the return to … the universe of houses and flood damages in high-risk flood zones in the Atlantic and Gulf Coast United States. We find … homeowners may under-invest in flood protection because the benefits do not accrue over their average tenure. We identify …
Persistent link: https://www.econbiz.de/10014262032
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The Political Economy of Coastal Development
Magontier, Pierre; Sole-Olle, Albert; Marsal, Elisabet … - 2021
We study the role of political parties as facilitators of intergovernmental cooperation regarding the development of coastal land. Slowing down this development has benefits (e.g., preservation of environmental amenities) and costs (e.g., job losses), not only for residents in the political...
Persistent link: https://www.econbiz.de/10013228862
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Financial Market Responses to a Natural Disaster : Evidence from Local Credit Networks and the Indian Ocean Tsunami
Czura, Kristina - 2019
Conventional wisdom in economics holds that traditional credit and insurance networks are inapt for insuring against covariate risks such as natural hazards. We challenge this claim by examining changes in financial allocations in Rotating Savings and Credit Associations (Roscas), a popular...
Persistent link: https://www.econbiz.de/10012892224
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Floods and Spillovers : Households after the 2011 Great Flood in Thailand
Noy, Ilan - 2019
In 2011, Thailand experienced its worst flood ever. Using repeated waves of the Thai Household Survey, we analyse the … flood's economic impacts. In 2012, households answered a set of questions on the extent of flooding they experienced. We use … this self-identified flood exposure, and external exposure indicators from satellite images, to identify both directly …
Persistent link: https://www.econbiz.de/10012866402
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Impacts of Droughts and Floods on Agricultural Productivity in New Zealand as Measured from Space
Blanc, Élodie; Noy, Ilan - 2022
This study estimates the impact of excess precipitation (or the absence of rainfall) on productivity of agricultural land parcels in New Zealand. This type of post-disaster damage assessments aims to allow for quantification of disaster damage when on-the-ground assessment of damage is too...
Persistent link: https://www.econbiz.de/10013296265
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Total costs and budgetary effects of adaptation to climate change: An assessment for the European Union
Osberghaus, Daniel; Reif, Christiane - 2010
Adaptation to climate change is gaining increasing relevance in the public debate of climate policy. However, detailed and regionalised cost estimates as a basis for cost-benefit-analyses are rare. We compose available cost estimates for adaptation in Europe, and in particular Germany, Finland...
Persistent link: https://www.econbiz.de/10010270648
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The Green Industrial Revolution – Investment Pathways to Decarbonize the Industrial Sector in Europe
Zimmer, Markus; Hoffmann, Patrick - 2023
The industrial sector is responsible for roughly one quarter of global greenhouse-gas (GHG) emissions. To align sector pathway developments with overarching net-zero transition goals in different industries, governments are required to understand sectoral reduction potentials to efficiently...
Persistent link: https://www.econbiz.de/10014347826
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Climate Damages in Convergence-Consistent Growth Projections
Harding, Anthony; Moreno-Cruz, Juan; Quaas, Martin F.; … - 2023
Projections of climate change damages based on climate-econometric estimates suggest that, without mitigation, global warming could reduce average global incomes by over 20% towards the end of the century (Burke et al., 2015). This figure significantly surpasses climate damages in Integrated...
Persistent link: https://www.econbiz.de/10014347833
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Temperature and Joint Time Use
Cosaert, Sam; Nieto Castro, Adrian; Tatsiramos, Konstantinos - 2023
We combine exogenous variation in temperature at the county-day level in the U.S. with daily time use data to examine the effect of temperature on joint time use. We show that low temperatures reduce time spent with friends but increase time spent with family. Conversely, high temperatures...
Persistent link: https://www.econbiz.de/10014348099
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Analyzing Climate Change Policy Narratives with the Character-Role Narrative Framework
Gehring, Kai; Grigoletto, Matteo - 2023
Understanding behavioral aspects of collective decision-making is an important challenge for eco-nomics, and narratives are a crucial group-based mechanism that influences human decision-making. This paper introduces the Character-Role Narrative Framework as a tool to systematically analyze...
Persistent link: https://www.econbiz.de/10014356482