Showing 1 - 10 of 103
The Messina-Reggio Calabria Earthquake (1908) was the most devastating natural disaster in modern European history. It …
Persistent link: https://www.econbiz.de/10013299202
quality of aid delivered and social agendas pursued across neighboring villages in a set disaster context. We model the …
Persistent link: https://www.econbiz.de/10013113102
We investigate determinants of private and public generosity to Katrina victims using an artifactual field experiment. In this experiment, respondents from the general population viewed a short audiovisual presentation that manipulated respondents' perceptions of the income, race, and...
Persistent link: https://www.econbiz.de/10012759998
The government often provides relief against large risks, such as disasters. A simple, general rationale for this role of government is considered here that applies even when private contracting to share risks is not subject to market imperfections. Specifically, the optimal private sharing of...
Persistent link: https://www.econbiz.de/10013052679
impact of COVID-19. A costly disaster series is constructed over the sample 1980:1-2020:04 and the dynamic impact of a … disaster shock on economic activity and on uncertainty is studied using a VAR. While past natural disasters are local in nature … of large disaster shocks. Even in a fairly conservative case where COVID-19 is a 5-month shock with its magnitude …
Persistent link: https://www.econbiz.de/10012837186
pre-disaster trend, and do not recover within twenty years. Both rich and poor countries exhibit this response, with … suppression of annual growth rates spread across the fifteen years following disaster, generating large and significant cumulative … continuous exposure to disaster. Linking these results to projections of future cyclone activity, we estimate that under …
Persistent link: https://www.econbiz.de/10013049691
2010 earthquake in Chile and the 2011 earthquake in Japan. In both cases there was an immediate and persistent effect on … product availability. The number of goods available for sale fell 32% in Chile and 17% in Japan from the day of the disaster … suggests a bigger role for supply disruptions that restricted the ability of retailers to re-stock goods after the earthquake …
Persistent link: https://www.econbiz.de/10013075420
This paper examines the long-run effects of the 1906 San Francisco Earthquake on the spatial distribution of economic … activity in the American West. Using variation in the potential damage intensity of the earthquake, we show that more severely … attractive migration destinations in the immediate aftermath of the earthquake, which permanently changed the spatial …
Persistent link: https://www.econbiz.de/10012889054
We face a variety of potential catastrophes; nuclear or bioterrorism, a climate catastrophe, and a "mega-virus" are examples. Martin and Pindyck (AER 2015) showed that decisions to avert such catastrophes are interdependent, so that simple cost-benefit analysis breaks down. They assumed that...
Persistent link: https://www.econbiz.de/10012957386
How should we evaluate public policies or projects to avert, or reduce the likelihood of, a catastrophic event? Examples might include inspection and surveillance programs to avert nuclear terrorism, investments in vaccine technologies to help respond to a "mega-virus," or the construction of...
Persistent link: https://www.econbiz.de/10013052503