Modeling the spatial aspect of growth has finally become an important subject of economics as exemplified by the increasing popularity of the new economic geography. However, new economic geography models have still not been able to develop a consistent approach to integrate innovation, space...

Government subsidization of insurance is commonly employed as a policy tool to incentivize risk management activities, complete missing markets, and facilitate redistribution of wealth. Despite the growth of such programs, characterizing their impacts and uptake using readily available...