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Efficient adaptation to flood risk
Hovekamp, Winston P.; Wagner, Katherine R. H. - 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 … 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
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Fifty years of U.S. natural disaster insurance policy
Marcoux, Kendra; Wagner, Katherine R. H. - 2023
of natural disaster insurance in adapting to climate change. This chapter reviews current challenges in both public and … private natural disaster insurance markets in the United States and how the nature of these challenges has changed over the … complicate both the supply of and demand for natural disaster insurance, with spillovers to related markets such as real estate …
Persistent link: https://www.econbiz.de/10014281392
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Should we be worried about the green paradox? : announcement effects of the acid rain program
Di Maria, Corrado; Lange, Ian; Van der Werf, Edwin - 2012 - This version: May 21, 2012
This paper presents the first empirical test of the green paradox hypothesis, according to which well-intended but imperfectly implemented policies may lead to detrimental environmental outcomes due to supply side responses. We use the introduction of the Acid Rain Program in the U.S. as a case...
Persistent link: https://www.econbiz.de/10009540097
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Steering the climate system : an extended comment
Mattauch, Linus; Millar, Richard; Ploeg, Frederick van der - 2018
Lemoine and Rudik (2017) argue that it is efficient to delay reducing carbon emissions, because there is substantial inertia in the climate system. However, this conclusion rests upon misunderstanding the relevant climate physics: there is no substantial lag between CO2 emissions and warming,...
Persistent link: https://www.econbiz.de/10011951673
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The effect of U.S. climate policy on financial markets : an event study of the inflation reduction act
Bauer, Michael D.; Offner, Eric A.; Rudebusch, Glenn D. - 2023
of climate policy transition risk. Our results highlight the heterogeneous nature of climate policy risk exposure. We …
Persistent link: https://www.econbiz.de/10014422560
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The nature of risk preferences : evidence from insurance choices
Barseghyan, Levon; Molinari, Francesca; O'Donoghue, Ted; … - 2012
" risk aversion (diminishing marginal utility for wealth) and probability distortions. We find that probability distortions … important role in explaining the aversion to risk manifested in deductible choices. This finding is robust to allowing for …
Persistent link: https://www.econbiz.de/10009621724
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Covid-19 full-dose vaccination across uninsured populations : evidence across counties in the United States
Goel, Rajeev K.; Nelson, Michael A. - 2022
This paper studies the propensities of the U.S. population to seek a full dose of vaccinations against the COVID-19 pandemic. Beyond the consideration of vaccine dissemination at the disaggregated or the local level, the main focus of this study is on determining whether a lack of health...
Persistent link: https://www.econbiz.de/10013482631
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Benefit-cost analysis of environmental projects : a plethora of systematic biases
Graves, Philip E. - 2010
There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...
Persistent link: https://www.econbiz.de/10003997569
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What forces dictate the design of pollution monitoring networks?
Muller, Nicholas Z.; Ruud, Paul Arthur - 2016
The U.S. Environmental Protection Agency (USEPA) maintains networks of pollution monitors for two basic purposes: to check and enforce the attainment of national ambient air quality standards (NAAQS) and to provide useful data for studying pollution and its effects. These purposes imply...
Persistent link: https://www.econbiz.de/10011421576
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Gasoline content regulation and compliance among US refineries
Chakravorty, Ujjayant; Nauges, Céline; Thille, Henry - 2012
The US refining industry is a leading producer of sulfur oxide and nitrogen oxide emissions. As a result of the Clean Air Act, it has been subject to a host of environmental regulations that prescribe the production processes firms can employ and limits their emissions based on the permits they...
Persistent link: https://www.econbiz.de/10009659324