-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 …

price, the equilibrium risk-free rate, and risk premia. Climate disasters, which are more likely to occur sooner as … temperature rises, significantly increase risk premia. …

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 … does proximity to the centres of Dhaka and Chittagong. Public spending for adaptive disaster risk reduction, as …

discretionary power in a partisan manner. We analyze the allocation of presidential disaster declarations in the United States …

accountability and politicians' support for special interests. We show that, in the immediate aftermath of a disaster, the evening …

Using an economic model to assess welfare risk and resilience to disasters, this paper systematically tackles the … losses at the microeconomic level. Apart from the prioritization of regions based on resilience and welfare risk, we identify … risk from riverine floods. While there are similarities in the ranking of policies among regions with comparable levels of …

This article studies the effects of tax competition on the provision of public goods under business risk and partial …