This paper investigates the costs and benefits of three ex ante flood management strategies - risk-based insurance … setting and in the absence of market failures, risk-based insurance perfectly internalizes flood risks and maximizes social … welfare. However, risk-based insurance faces major technical, social, and political challenges and is not always realistic …

begins with a clear and comprehensive description of the theory of rent seeking and of contest design for political and …

dem Hintergrund der Public Choice-Theorie versucht die vorliegende Arbeit diesen Trend als Resultat politischer …