Grislain-Letrémy, Céline; Forges, Sabine Lemoyne de - In: The Geneva Risk and Insurance Review 40 (2015) 1, pp. 41-64
Prevention policies against flood, such as dams or levees, are commonly designed by local jurisdictions and for most, they exert externalities on neighbouring jurisdictions. We study a model in which each jurisdiction chooses its collective prevention effort depending on the flood risk and on...