This paper studies the allocation of total disaster risk reduction public spending among regions in Peru. The main objective of this work is to identify the main determinants of the distribution of these resources, and for this purpose an index of historical physical impacts of natural...

This paper is an overview of how insurance instruments could be used in Indonesia to improve disaster risk finance (the arrangements for managing the financial consequences of disaster). We review the policy and research literature to describe the existing arrangements in Indonesia for preparing...

This paper studies how having your home damaged or destroyed by a natural disaster impacts on economic and financial outcomes. Our context is Australia, where disasters are frequent. Estimates of regression models with individual, area and time fixed-effects, applied to 10 waves of data...

A review of the academic literature on the topic has proved that most studies have been focused on how to finance the risk and indemnify the damages caused by an earthquake, rather than on mitigation measures. This study assessed the impact of quality infrastructure, development indicators and...

The paper analyzes the scope for the private market for pandemic insurance and discusses the potential role of the financial market and the government. Building on a premise that pandemics are classified as catastrophic risks by the insurance industry, we start by providing a framework that...

If we open one train from Delhi, the probability that at least one person would be infected is 23%. This hypergeometric probability is approximated as a binomial. It can be used to determine the number of people allowed to gather to keep this risk below a certain threshold

Merger review in the United States has overlooked a significant competition harm: increasing risk. Mergers can increase both direct and systemic risk. There is now persuasive evidence that negative shocks to a firm can harm the firm’s consumers and trading partners, leading to national...

Modern society mitigates and transfers risks in a variety of ways, which range from catastrophe prevention and insurance solutions through to injustices of a minor and inconspicuous nature. We illustrate that the measures taken depend on the uncertainty about the risks in question, and involve...

We develop a dynamic game model for efficient catastrophe risk-sharing that allows decision makers to derive optimal pricing, capital, and buying decisions in one equilibrium. Existing catastrophe insurance models focus on either the primary insurance market or the reinsurance market, thus...

Catastrophic natural events in the Czech Republic have always caused a considerable burden on public finance. However, this risk can be transferred to capital market investors through CAT bonds, which have never been used for this purpose in the Czech Republic. The paper deals with the...