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Disasters with Unobservable Duration and Frequency : Intensified Responses and Diminished Preparedness

Acharya, Viral V.; Johnson, Tim; Sundaresan, Suresh M.; … - National Bureau of Economic Research - 2023

and optimistic behavior in good times. In a disaster, uncertainty about duration acts as an amplification mechanism … welfare cost of parameter uncertainty can be extreme. However, in advance of a disaster, uncertainty about the arrival rate … full information and pay less for insurance against the next disaster …

Persistent link: https://www.econbiz.de/10014247988

Disasters with Unobservable Duration and Frequency : Intensified Responses and Diminished Preparedness

Acharya, Viral V.; Johnson, Timothy C.; Sundaresan, … - 2023

Persistent link: https://www.econbiz.de/10014351381

Hiding behind the veil of ashes : social capital in the wake of natural disasters

Stephane, Victor - In: World development : the multi-disciplinary … 145 (2021), pp. 1-17

Persistent link: https://www.econbiz.de/10013170728

Optimal redistributive policy under disaster risk : self-protection, social mitigation and social adaptation

Tsugawa, Shuichi - 2024

Persistent link: https://www.econbiz.de/10014525211

The dangers of dispersal of responsibilities

Burlea, Adriana Schiopoiu; Remmé, Joop - In: Amfiteatru economic : an economic and business research … 19 (2017) 45, pp. 464-476

Taking into account that it is in the nature of the modern corporat ion that risks are distributed over several agents, we discuss in this paper the organisational behaviour as it results from such dispersal of responsibilities for both the principal and the agent. We explore the hypothesis that...

Persistent link: https://www.econbiz.de/10011795459

Product liability : detecting potential risks in new product

Castellano, Andrea; Ferro, Gustavo; Zanetti, … - 2023

The central hypothesis of this article is that liability regulation can foster firms' incentives to study the (potential) dangers of their products. We discuss alternative views and develop a formal model to analyze a firm's incentive structure under the application of hindsight liability. We...

Persistent link: https://www.econbiz.de/10014334046