Showing 1 - 10 of 7,026
This paper investigates the relationship between extreme weather conditions and the risk of flooding-induced harvest … variation across time and space. Risk of harvest failure increases for agricultural households with more extreme weather … conditions. The effect is especially pronounced for a subsample of households in high-risk areas. Overall, extreme weather …
Persistent link: https://www.econbiz.de/10015053813
exposure to risk. In this paper, we test whether overconfident people underestimate the probability of incurring an avalanche … under different levels of avalanche risk, we measured individual cognitive traits and then used a random effect logit model … overestimate their knowledge are also more likely to take the risk associated with a ski trip exposed to avalanche danger. This …
Persistent link: https://www.econbiz.de/10013023389
; and (3) risk is the perception of risk, since how risk is individually perceived and socially amplified influences the …'s experience, a comprehensive definition of risk.Risk is not measurable uncertainty nor volatility. Risk is a three part concept …: (1) risk is the potential that events may have an unexpected and noteworthy impact on results, i.e. a consequence of …
Persistent link: https://www.econbiz.de/10012998705
We construct various measures of firm-level climate risk exposure by utilizing two natural language processing … higher expected stock returns than those counterparts with lower exposure, suggesting that firms' disaster risk exposure … positive return of 5% per annum, which cannot be explained by common risk factors and other firm characteristics …
Persistent link: https://www.econbiz.de/10013306272
In March 2015, a new international blueprint for disaster risk reduction (DRR) has been adopted in Sendai, Japan, at … the end of the Third UN World Conference on Disaster Risk Reduction (WCDRR, March 14 - 18, 2015). We review and discuss …
Persistent link: https://www.econbiz.de/10011299221
This paper reviews the literature on the macroeconomic impact of natural disasters and presents the IMF's role in assisting countries coping with natural catastrophes. Focusing on seven country cases, the paper describes the emergency financing, policy support, and technical assistance provided...
Persistent link: https://www.econbiz.de/10013098564
. There is now a growing tendency for risk manager to bypass traditional insurance markets, and a variety of instruments … designed directly to transfer risk to the financial markets. After a couple of years of low catastrophe claims, 1998 claims are …
Persistent link: https://www.econbiz.de/10013153250
Prevention and insurance are studied in an urban model with spatial heterogeneity due not only to commuting transport costs but also to natural disaster risks. Costly insurance and charity donation both lead to low insurance purchase. While the former leads to high prevention, the latter leads...
Persistent link: https://www.econbiz.de/10012852159
The United Nations Sendai (2015) framework aims to reduce disaster risk. We offer a careful definition and computation … of the individual and property risk targets. Selecting the largest and better studied class of “natural disasters” over … the period 1970-2018, we show that individual risk is “likely” falling, that property risk is neither rising nor falling …
Persistent link: https://www.econbiz.de/10012852956
authorities and agencies and/or public authorities and civil society for disaster risk reduction. We pay attention to Public … resource management (CBNRM) and disaster risk reduction (CBDRR), as well as other cooperative initiatives. In many respects …. The analysis is complemented by examples of PuPs addressed in the ENHANCE case studies in which disaster risk reduction …
Persistent link: https://www.econbiz.de/10013045398