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Risk externalities and the problem of wildfire risk

Shafran, Aric P. - In: Journal of urban economics 64 (2008) 2, pp. 488-495

Persistent link: https://www.econbiz.de/10003814114

Risk externalities and the problem of the wildfire risk

Shafran, Aric (contributor) - 2006

Persistent link: https://www.econbiz.de/10003402756

Direct and hierarchical models for aggregating spatially dependent catastrophe risks

Wójcik, Rafał; Liu, Charlie Wusuo; Guin, Jayanta - In: Risks : open access journal 7 (2019) 2/54, pp. 1-22

We present several fast algorithms for computing the distribution of a sum of spatially dependent, discrete random variables to aggregate catastrophe risk. The algorithms are based on direct and hierarchical copula trees. Computing speed comes from the fact that loss aggregation at branching...

Persistent link: https://www.econbiz.de/10012019121

Spatial risk measures and rate of spatial diversification

Koch, Erwan - In: Risks : open access journal 7 (2019) 2/52, pp. 1-26

theory for both actuarial science and practice. Second, in the case of a general cost field, we give sufficient conditions … the risk of extreme events since they appear as a natural extension of multivariate extreme-value theory to the level of …

Persistent link: https://www.econbiz.de/10012019126

Spatial dependence, idiosyncratic risk, and the valuation of disaggregated housing data

Simlai, Prodosh - In: The journal of real estate finance and economics 57 (2018) 2, pp. 192-230

Persistent link: https://www.econbiz.de/10012038861

Spatial Dependence, Idiosyncratic Risk and the Valuation of Disaggregated Housing Data

Simlai, Prodosh - 2018

We investigate whether spatial idiosyncratic risk plays an important role in explaining average housing prices in a representative U.S. market. We discuss a parsimonious hedonic model of demand for differentiated products and derive an equilibrium price functions that depends on idiosyncratic...

Persistent link: https://www.econbiz.de/10012912950