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The Pricing of Event Risks with Parameter Uncertainty
Froot, Kenneth A. - 2001
an unusual weather pattern depend crucially on actuarial models for determining event (e.g., default) probabilities. In …
Persistent link: https://www.econbiz.de/10012470623
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Firm Adaptation to Climate Change
Grover, Arti; Kahn, Matthew E. - National Bureau of Economic Research - 2024
We survey the microeconomics literature that studies how firms in the developing world are adapting to extreme weather …
Persistent link: https://www.econbiz.de/10015056174
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Learning, Catastrophic Risk and Ambiguity in the Climate Change Era
Moore, Frances - National Bureau of Economic Research - 2024
Key methodologies used for managing weather risks have relied on the assumption that climate is not changing and that … the historic weather record is therefore representative of current risks. Anthropogenic climate change upends this … distribution, with associated costs for weather risk management and risk-averse decision-makers. These costs result purely from the …
Persistent link: https://www.econbiz.de/10014635647
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Baumol-Tobin and the Welfare Costs of National Security Border Delays
Huang, Hui - 2006
The implications of national security related procedures for trade flows at border points in OECD countries has become a major topic of commentary in popular press. We discuss whether the economic costs of border delays are represented solely by time spent in awaiting processing. This has been...
Persistent link: https://www.econbiz.de/10012466372
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The Forging of a Rebel
Marchais, Gauthier; Mugaruka, Christian M.; Sanchez de … - National Bureau of Economic Research - 2021
We use variation in exposure to victimization of 1,537 households of eastern Congo for each year of 1990-2013 to examine the formation of preferences to participate in armed groups. In this context, most armed groups are Congolese militia, whose objective is fighting foreign armed groups. We...
Persistent link: https://www.econbiz.de/10012510592
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Electoral Violence and Supply Chain Disruptions in Kenya's Floriculture Industry
Ksoll, Christopher; Macchiavello, Rocco; Morjaria, Ameet - National Bureau of Economic Research - 2021
Violent conflicts, particularly at election times in Africa, are a common cause of instability and economic disruption. This paper studies how firms react to electoral violence using the case of Kenyan flower exporters during the 2008 post-election violence as an example. The violence induced a...
Persistent link: https://www.econbiz.de/10012629517
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Education and Innovation : The Long Shadow of the Cultural Revolution
Huang, Zhangkai - 2020
The Cultural Revolution deprived Chinese students of the opportunity to receive higher education for 10 years when colleges and universities were closed from 1966-1976. We examine the human capital cost of this loss of education on subsequent innovation by firms, and ask if it impacted firms...
Persistent link: https://www.econbiz.de/10012481690
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Persistence through Revolutions
Alesina, Alberto F. - 2020
Can efforts to eradicate inequality in wealth and education eliminate intergenerational persistence of socioeconomic status? The Chinese Communist Revolution in the 1950s and Cultural Revolution from 1966 to 1976 aimed to do exactly that. Using newly digitized archival records and contemporary...
Persistent link: https://www.econbiz.de/10012482010
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Fluctuations in Overseas Travel by Americans, 1820 to 2000
Dupont, Brandon - 2009
There were substantial fluctuations in the numbers of American overseas travelers, especially before World War II. These fluctuations in travel around the robust, long term upward trend are the focus of this paper. We first identify those fluctuations in the raw data and then try to explain the...
Persistent link: https://www.econbiz.de/10012463801
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Is the "Surge" Working? Some New Facts
Greenstone, Michael - 2007
There is a paucity of facts about the effects of the recent military "Surge" on conditions in Iraq and whether it is paving the way for a stable Iraq. Selective, anecdotal and incomplete analyses abound. Policy makers and defense planners must decide which measures of success or failure are most...
Persistent link: https://www.econbiz.de/10012465190