The choice of an appropriate social discount rate for cost–benefit analysis of public projects has long been a contentious issue and subject to intense debate among economists. This debate has gained new impetus from the recent discussions on the economics of climate change. The purpose of...

Flood insurance is an insurance contract that covers losses to properties caused by flooding. Although floods affect Asia more than any other continent in the world, flood insurance is still at its nascent stage in the region. This paper explores the potentials and challenges of adapting flood...