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Mitigating Disaster Risks to Sustain Growth
Hong, Harrison - 2020
since disaster leads to pessimistic arrival-rate beliefs and taxes or mandates to fund mitigation, which reduce consumption …We provide the planner's solution to a model where households learn from exogenous natural disaster arrivals about … arrival rates and spend to mitigate future damages. Mitigation cannot be decentralized due to positive externalities from …
Persistent link: https://www.econbiz.de/10012482023
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The Evolving Market for Catastrophic Event Risk
Froot, Kenneth A. - 1999
This paper discusses the recent changes in the market for catastrophe risk. These risks have traditionally been distributed through the insurance and reinsurance systems. However, because insurance companies tend to share relatively small amounts of their cat exposures and because insurance...
Persistent link: https://www.econbiz.de/10012471496
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The Market for Catastrophe Risk : A Clinical Examination
Froot, Kenneth A. - 1999
This paper examines the market for catastrophe event risk -- i.e., financial claims that are linked to losses associated with natural hazards, such as hurricanes and earthquakes. This market is in transition as new approaches for transferring risk are being explored. The paper studies several...
Persistent link: https://www.econbiz.de/10012471497
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Exposures and Behavioral Responses to Wildfire Smoke
Burke, Marshall; Heft-Neal, Sam; Li, Jessica; Driscoll, Anne - National Bureau of Economic Research - 2021
The impacts of environmental change on human outcomes often depend on local exposures and behavioral responses that are challenging to observe with traditional administrative or sensor data. We show how data from private pollution sensors, cell phones, social media posts, and internet search...
Persistent link: https://www.econbiz.de/10012660058
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Evaluating the Role of Insurance in Managing Risk of Future Pandemics
Kunreuther, Howard; Schupp, Jason - National Bureau of Economic Research - 2021
COVID-19 has demonstrated the challenges that policymakers, insurers, businesses, and employees face when disaster …
Persistent link: https://www.econbiz.de/10012585452
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The Impact of a Government Risk Pool and an Opt-Out Framing on Demand for Earthquake Protection
Kunreuther, Howard; Conell-Price, Lynn; Kovacs, Paul; … - National Bureau of Economic Research - 2021
This paper describes the design and analysis of a web-based choice experiment that examines how the demand for earthquake protection in Quebec and British Columbia is influenced by the default option and the structure of the insurance plan. Homeowners in both provinces were given the opportunity...
Persistent link: https://www.econbiz.de/10012616592
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Health Care Expenditure and Farm Income Loss : Evidence from Natural Disasters
Chang, Hung-hao; Meyerhoefer, Chad D. - National Bureau of Economic Research - 2022
disaster risks, we estimate an instrumental variables model and find that farm income elasticities of demand for outpatient …
Persistent link: https://www.econbiz.de/10013190992
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Mandated vs. Voluntary Adaptation to Natural Disasters : The Case of U.S. Wildfires
Baylis, Patrick W.; Boomhower, Judson - National Bureau of Economic Research - 2021
Despite escalating disaster losses and predicted increases in weather-related catastrophes, takeup of protective …
Persistent link: https://www.econbiz.de/10012794648
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Treatment Decision-Making in Catastrophic Illness
Warner, Kenneth E. - 1976
It is well established that the social and economic environment of medical care distinguishes its provision from that of other goods and services. While scholars have studied the influences of this idiosyncratic environment, there is relatively little empirical knowledge about how it affects...
Persistent link: https://www.econbiz.de/10012478990
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How the 1906 San Francisco Earthquake Shaped Economic Activity in the American West
Ager, Philipp - 2019
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 affected cities experienced lower population...
Persistent link: https://www.econbiz.de/10012479678