This paper discusses the impact of foreign aid on the recipient country's preparedness against natural disasters. The theoretical model shows that foreign aid can have two opposing effects on a country's level of mitigating activities. In order to test the theoretical propositions we analyse the...

Due to the public good character of protective measures against natural disasters events, their allocation is very often in the realm of bureaucratic and expert agencies. Based on the economic theory of bureaucracy the behavior of a bureau providing the good protection against natural hazards is...

An analysis of the effects of natural hazards on society does not solely depend on a region's topographic or climatic exposure to natural processes, but the region's institutional resilience to natural processes that ultimately determines whether natural processes result in a natural hazard or...

This paper discusses the problem of crowding out of insurance by co-existing governmental relief programs - so-called 'charity hazard' - in a context of different institutional schemes of governmental relief in Austria and Germany. We test empirically whether an assured partial relief scheme (as...

This paper discusses the problem of crowding out of insurance by co-existing governmental relief programs - so-called 'charity hazard' - in a context of different institutional schemes of governmental relief in Austria and Germany. We test empirically whether an assured partial relief scheme (as...

This paper discusses the problem of crowding out of insurance by co-existing governmental relief programs - so-called ’charity hazard’ - in a context of different institutional schemes of government relief in Austria and Germany. We test empirically whether an assured partial...

This paper investigates the negative effect of media reports on the provision of public goods by bureaucratic agencies. I provide a simple career concerns model where negative publicity in the media can affect the bureaucrat's future wage. The proposition of the model is tested using data of the...