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Responding to Threats of Climate Change Mega-Catastrophes
Kousky, Carolyn; Rostapshova, Olga; Toman, Michael; … - 2009
qualitative analysis of three options for mitigating the risk of climate mega-catastrophes—drastic abatement of greenhouse gas … the risk of climate change mega-catastrophes. …
Persistent link: https://www.econbiz.de/10008497176
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Farmers’ Adaptation to Climate Change: A Framed Field Experiment
Alpízar, Francisco; Carlsson, Fredrik; Naranjo, Maria A. - 2010
The risk of losing income and productive means due to adverse weather can differ significantly among farmers sharing a … baseline of high levels of risk aversion, we still found that farmers more frequently chose the safe options when the setting … is characterized by unknown risk (that is, poor or unreliable risk information). Second, we found that farmers, to a …
Persistent link: https://www.econbiz.de/10008690223
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Who crops coca and why? The case of Colombian farmers
Ibáñez, Marcela - 2010
Approximately 1.2% of Colombia's GNP is spent every year on the war on drugs, but very little is known about coca farming decisions at the household level. In order to understand the decision to cultivate coca as well as that of the amount of land to use for its cultivation, we develop an...
Persistent link: https://www.econbiz.de/10010329967
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Is the war on drugs working? Examining the Colombian case using micro data
Ibanez, Marcela - 2013
The intense debate on the effectiveness of the war on drugs contrasts with the lack of empirical evidence on its impacts. To evaluate the effectiveness of control-supply policies, we use micro data from an original survey with farmers living in a coca growing area in Colombia. We find that while...
Persistent link: https://www.econbiz.de/10010330028
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Age Differences in the Value of Statistical Life: Revealed Preference Evidence
Aldy, Joseph E.; Viscusi, W. Kip - 2007
Revealed preference evidence, especially based on wage-risk tradeoffs in the labor market, provides the primary …
Persistent link: https://www.econbiz.de/10005442468
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Water Resources Planning under Climate Change: A “Real Options” Application to Investment Planning in the Blue Nile
Jeuland, Marc; Whittington, Dale - 2013
This article develops a “real options” approach for planning new water resources infrastructure investments and their operating strategies in a world of climate change uncertainty. The approach is illustrated with an example: investments in large new multipurpose dam alternatives along the...
Persistent link: https://www.econbiz.de/10010643024
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Climate Policy Design Under Uncertainty
Pizer, William - 2005
The uncertainty surrounding both costs and benefits associated with global climate change mitigation creates enormous hurdles for scientists, stakeholders, and decisionmakers. A key issue is how policy choices balance uncertainty about costs and benefits. This balance arises in terms of the time...
Persistent link: https://www.econbiz.de/10005232898
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Climate Change in a Public Goods Game: Investment Decision in Mitigation versus Adaptation
Hasson, Reviva; Löfgren, Åsa; Visser, Martine - 2009
disaster across treatments. Our results show that there is no significant difference in the level of mitigation across these …
Persistent link: https://www.econbiz.de/10010541896
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The Unholy Trinity: Fat Tails, Tail Dependence, and Micro-Correlations
Kousky, Carolyn; Cooke, Roger M. - 2009
Recent events in the financial and insurance markets, as well as the looming challenges of a globally changing climate point to the need to re-think the ways in which we measure and manage catastrophic and dependent risks. Management can only be as good as our measurement tools. To that end,...
Persistent link: https://www.econbiz.de/10008497181
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Improving Flood Insurance and Flood Risk Management: Insights from St. Louis, Missouri
Kousky, Carolyn; Kunreuther, Howard C. - 2009
after a disaster. Recommendations for how to improve flood risk management in light of these challenges are offered. Focused …This paper examines the history of St. Louis, Missouri in coping with flood risk over the past 15 years, with a focus … on flood insurance. Six challenges to the continued management of riverine flood risk are identified and discussed. They …
Persistent link: https://www.econbiz.de/10005399434