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Social inequalities in climate change-attributed impacts of hurricane harvey
Smiley, Kevin T.; Noy, Ilan; Wehner, Michael; Frame, Dave; … - 2021
Climate change is already increasing the severity of extreme weather events such as with rainfall during hurricanes. But no research to date investigates if, and to what extent, there are social inequalities in current climate change-attributed flood impacts. Here, we use climate change...
Persistent link: https://www.econbiz.de/10012668885
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Demand for multi-year catastrophe insurance contracts : experimental evidence for mitigating the insurance gap
Dudek, Thomas; Ulm, Eric R.; Noy, Ilan - 2021
People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts to reduce these insurance gaps. We examine...
Persistent link: https://www.econbiz.de/10012694052
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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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Measuring the impact of insurance on urban recovery with light : the 2010-2011 New Zealand earthquakes
Cuong Nhu Nguyen; Noy, Ilan - 2018
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
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Household vulnerability on the frontline of climate change : the pacific atoll nation of Tuvalu
Taupo, Tauisi; Cuffe, Harold; Noy, Ilan - 2016
, and in particular to sea-level rise and its associated risks. We construct poverty and hardship profiles for households on …
Persistent link: https://www.econbiz.de/10011547889
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Risk selection in natural disaster insurance : the case of France
Jametti, Mario (contributor);  … - 2006
It is widely recognized that market failureʺ prevents efficient risk sharing in natural disaster insurance. As a …
Persistent link: https://www.econbiz.de/10003301201
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Global warming and extreme events : rethinking the timing and intensity of environmental policy
Chen, Yu-Fu; Funke, Michael - 2010
The possibility of low-probability extreme events has reignited the debate over the optimal intensity and timing of climate policy. In this paper we therefore contribute to the literature by assessing the implications of low-probability extreme events on environmental policy in a continuous-time...
Persistent link: https://www.econbiz.de/10003994530
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On welfare frameworks and catastrophic climate risks
Millner, Antony - 2013
Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to "fat-tailed" risks of catastrophic outcomes (Weitzman, 2009b). Such risks are suggested to be an inevitable consequence of scientific uncertainty about the effects of increased...
Persistent link: https://www.econbiz.de/10010199723
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Climate treaties and approaching catastrophes
Barrett, Scott - 2012 - 31 July 2011, Revised 24 July 2012, Second Revision 26 October 2012
If the threshold that triggers climate catastrophe is known with certainty, and the benefits of avoiding catastrophe are high relative to the costs, treaties can easily coordinate countries' behavior so as to avoid the threshold. Where the net benefits of avoiding catastrophe are lower, treaties...
Persistent link: https://www.econbiz.de/10009684058
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Disastrous discretion : ambiguous decision situations foster political favoritism
Schneider, Stephan A.; Kunze, Sven - 2022
discretionary power in a partisan manner. We analyze the allocation of presidential disaster declarations in the United States …
Persistent link: https://www.econbiz.de/10013177149