Showing 1 - 10 of 271
treatments respond to flood risk. We identify reactions to flood risk, distinctly from price effects due to flood damage, by … seaboard. We find that homes in high flood risk zones situated in towns that participate in public flood awareness activities …
Persistent link: https://www.econbiz.de/10012479933
driven by differential perceptions of long-run SLR risks across the political spectrum not tolerance for current flood risk … driver of current flood risk. Anticipatory sorting on climate change informs models of migration in the face of long …
Persistent link: https://www.econbiz.de/10012482209
flood risk beliefs. The model incorporates a Bayesian learning mechanism allowing agents to update their beliefs depending … on whether flood events occur. Second, to quantify these elements, we implement a door-to-door survey campaign in Rhode … Island. The results confirm significant heterogeneity in flood risk beliefs, and that selection into coastal homes is driven …
Persistent link: https://www.econbiz.de/10012453857
-maturity bonds and is not solely driven by near-term flood risk. We use a structural model of credit risk to quantify the implied …
Persistent link: https://www.econbiz.de/10013462708
This paper studies the economic consequences of the West's foray into China after the Opium War (1839-42), when Western colonial influence was introduced in dozens of so-called treaty ports. We document a turnaround during the 19th century in the nature of China's capital markets. Whereas before...
Persistent link: https://www.econbiz.de/10012660082
Many studies of regional disparity in China have focused on the preferential policies received by the coastal provinces. We decomposed the location dummies in provincial growth regressions to obtain estimates of the effects of geography and policy on provincial growth rates in 1996-99. Their...
Persistent link: https://www.econbiz.de/10012469817
In 2010, the Gulf Coast experienced the largest oil spill, the greatest mobilization of spill response resources, and the first Gulf-wide deepwater drilling moratorium in U.S. history. Taking advantage of the unexpected nature of the spill and drilling moratorium, I estimate the net effects of...
Persistent link: https://www.econbiz.de/10012458257
This paper provides the first, comprehensive evidence on the question of whether the subsidized flood insurance rates … are needed to meet the affordability goal of the National Flood Insurance Program. We use IRS records at the zip code … the United States containing FEMA designated Special Flood Hazard Areas (SFHA). There are clear patterns of positive …
Persistent link: https://www.econbiz.de/10012479533
-probability/high-impact risks, like floods, and whether past flood insurance purchases and flooding experience moderate the effect of defaults. Our … study uses a naturally occurring difference in experience, comparing the surveyed flood insurance choices of 1 …,187 homeowners, half of whom are in the Netherlands, where flood insurance penetration rates are low and recent flooding caused minor …
Persistent link: https://www.econbiz.de/10012481576
The relationships among the weather, agricultural markets, and financial markets have long been of interest to economic historians, but relatively little empirical work has been done. We push this literature forward by using modern drought indexes, which are available in detail over a wide area...
Persistent link: https://www.econbiz.de/10012463053