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The Great Tōhoku-Earthquake and the following nuclear meltdown in Fukushima called the world's attention to Japans …
Persistent link: https://www.econbiz.de/10013092105
. Exploiting the panel structure of the data, we document that the occurrence of an earthquake retarded institutional transition …
Persistent link: https://www.econbiz.de/10013002947
We measure the longer-term effect of a major earthquake on the local economy, using night-time light intensity measured … process. We focus on the destructive Canterbury Earthquake Sequence (CES) 2010 -2011 as our case study. Uniquely for this … economic recovery after the earthquake, but delayed payments were less affective and cash settlement of claims were more …
Persistent link: https://www.econbiz.de/10012915610
occurring local floods and droughts impose a significant risk to health when individuals are exposed directly to these hazards …
Persistent link: https://www.econbiz.de/10012952475
We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk …
Persistent link: https://www.econbiz.de/10012960103
compensation. Still, the biggest risk may be that the equilibrium mix between Voice and Exit is unstable and that the transition …
Persistent link: https://www.econbiz.de/10013315473
We estimate the causal effect of the Indian Ocean tsunami in Sri Lanka on household income and consumption eight years … after the event, using a quasi-experimental method. A strong association between area-wide tsunami disaster shock and …-lasting potentially successful recovery scenarios. Still, Sri Lanka received a very large amount of external transfers post-tsunami, much …
Persistent link: https://www.econbiz.de/10013315483
In a partial equilibrium setting without price uncertainty, the balanced-budget substitution of an ad valorem tax on output for a specific (unit) tax can enhance welfare in imperfectly competitive markets and is without impact in a competitive world. This paper demonstrates that a substitution...
Persistent link: https://www.econbiz.de/10013130099
-probability extreme events on environmental policy in a continuous-time real options model with “tail risk”. In a nutshell, our results … indicate the importance of tail risk and call for foresighted pre-emptive climate policies …
Persistent link: https://www.econbiz.de/10013139799
More often than not production processes are the joint endeavor of people having different abilities and productivities. Such production processes and the associated surplus production are often not fully transparent in the sense that the relative contributions of involved agents are blurred;...
Persistent link: https://www.econbiz.de/10013139800