Hurricanes are among the costliest natural disasters in the world, with a significant portion of their impact linked to the accuracy of their forecasts. In this paper, we estimate the economic impacts of the official hurricane forecasts in the US and develop a new approach for measuring the...

We survey the growing literature on fat-tailed distributions in environmental economics. We then examine the theoretical and statistical properties of such distributions, focusing especially on when these properties are likely to arise in environmental problems. We find that a number of...