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We investigate the economic impact of stochastic endogenous extreme events and insurance in a growth model. Our analytical results and computational experiments show that i) transparency of the insurance sector is the decisive requisite for abatement activities, implying substantial policy...
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proposition that ex ante risk transfer policies are more efficient than ex post disaster relief. -- natural hazards ; growth …
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-making. On the theory side, there is a growing use of game theory, Input-Output, computable general equilibrium models, and … concerning disaster relief. On the empirical front, studies showing causal and associative relationships between disasters and … socio-economic variables are important for estimating disaster-related losses and making appropriate policy suggestions. The …
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