Showing 1 - 10 of 2,596
Many studies have investigated flood risk and insurance coverage in the 100-year flood zone, but much less is known … about the periphery of the flood zone. We present a new approach to estimate flood risk and insurance take-up in the … hurricane Sandy. We show that flood risk falls rapidly as we move away from the flood zone, but remains fairly high for …
Persistent link: https://www.econbiz.de/10014514620
-2017, we estimate the price effects of three flood risk signals: 1) the Biggert-Waters Flood Insurance Reform Act, which …
Persistent link: https://www.econbiz.de/10012257846
-attributed flood impacts. Here, we use climate change attribution science paired with hydrological flood models to estimate climate … change-attributed flood depths and damages during Hurricane Harvey in Harris County, Texas. We then combine this information …
Persistent link: https://www.econbiz.de/10012668885
We present a theory of the demand for flood insurance and empirically analyze the effects of the adoption of Risk … financial exposure to flood risk. … the flood zone and its periphery. The reform had highly heterogeneous effects on insurance costs and triggered adjustments …
Persistent link: https://www.econbiz.de/10014535316
We measure the longer-term effect of a major earthquake on the local economy, using night-time light intensity measured from space, and investigate whether insurance claim payments for damaged residential property affected the local recovery process. We focus on the destructive Canterbury...
Persistent link: https://www.econbiz.de/10011846154
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 … that undertaking adaptation is socially optimal in the highest risk areas over a house's lifetime, but that individual …
Persistent link: https://www.econbiz.de/10013503365
disaster risk reduction and climate adaptation in Bangladesh, a country with a very high exposure to weather risk. We use a … comprehensive dataset for the 483 subdistricts (Upazilas) in Bangladesh, tracking disaster risk reduction and adaptation funding … allocation decisions. We find that flood hazard risk and socio-economic vulnerability are both positively correlated with the sub …
Persistent link: https://www.econbiz.de/10012158718
characterize the food risk level for each property. First, we compare trends in housing values and sales activity among properties … on the foodplain, as defined by the National Flood Insurance Program (NFIP), relative to properties located elsewhere … within the same city. Despite the heightened food risk in the last two decades, we did not find evidence of divergent trends …
Persistent link: https://www.econbiz.de/10011910881
-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. -- climate policy ; extreme events …
Persistent link: https://www.econbiz.de/10003994530
Using an economic model to assess welfare risk and resilience to disasters, this paper systematically tackles the … questions: 1) How much asset and welfare risks does each region in the Philippines face from riverine flood disasters? 2) How … resilient is each region to riverine flood disasters? and 3) What are the available interventions per region to strengthen …
Persistent link: https://www.econbiz.de/10011810138