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This paper contributes to the normative literature on mitigation and adaptation by framing the question of their optimal policy balance in the context of catastrophic climate risk. The analysis uses the WITCH integrated assessment model with a module that models the endogenous risk of...
Persistent link: https://www.econbiz.de/10010476445
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Flood damage assessments are often based on Stage-Damage Curve (SDC) models that estimate economic damage as a function of flood characteristics, typically flood depths, and land use. SDCs are developed through site-specific analysis but rarely adjusted to economic circumstances in areas to...
Persistent link: https://www.econbiz.de/10011391820
Flood insurance differs widely in scope and form across Europe. Against the backdrop of rising flood losses a debate about the role of EU policy in shaping the future of this compensation tool is led by policy makers and industry. In this paper we investigate if and how current EU policies...
Persistent link: https://www.econbiz.de/10010517702
natural catastrophes. Amidst budgetary cuts, there is a growing concern on societies' ability to design solvent disaster …
Persistent link: https://www.econbiz.de/10010517703
The analysis of catastrophic and climate impacted hazards is a challenging but important exercise, as the occurrence of such events is usually associated with high damage and uncertainty. Often, at the local level, there is a lack of information on rare extreme events, such that available data...
Persistent link: https://www.econbiz.de/10010426201
disaster risk resilience (DRR). This paper tries to emphasise the importance of DRR in dealing with natural catastrophesby … sectors.Despite the suite of reforms that have been initiated in shifting towards resilient infrastructure and disaster funds …
Persistent link: https://www.econbiz.de/10012436024
This paper proposes an application of the analytical path assembled within my PhD research on Disaster Risk Creation … challenges, for spatial planning and disaster risk management, in understanding, evaluating, and addressing Disaster Risk (DR … methodological approach benefits from well-established theoretical models of causal analysis of Disaster Risk Creation processes as …
Persistent link: https://www.econbiz.de/10013488591
We examine equilibria in competitive insurance markets with adverse selection when wealth differences arise endogenously from unobservable savings or labor supply decisions. The endogeneity of wealth implies that high risk individuals may ceteris paribus exhibit the lower marginal willingness to...
Persistent link: https://www.econbiz.de/10003900923
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