-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 …

This study explores people's risk attitudes after having suffered large real-world losses following a natural disaster … is consistent with prospect theory predictions of the adoption of a risk-seeking attitude after a loss …

disaster. The paper concludes by reflecting on what we know about whether policies to confront natural disasters should be …

literature does not offer conclusive evidence. Most existing studies use disaster data drawn from damage records of insurance … GDP. We build a comprehensive database of disaster events and their intensities from primary geophysical and … effect of disasters on growth. The worst 5% disaster years come with a growth damage of at least 0.45 percentage points. That …

devastating human and economic impacts, a potential spillover benefit of greater disaster exposure may be a more tightly knit …

spatial shifts of economic activity after a natural disaster are a rather local phenomenon, stressing the importance of local …