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What is the impact and value of hurricane forecasts? We study this question using newly-collected forecast data for major US hurricanes since 2005. We find higher wind speed forecasts increase pre-landfall protective spending, but erroneous under-forecasts increase post-landfall damage and...
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Tropical cyclones that make landfall on the coast of the USA are causing increasing economic losses. It is assumed that … concerned play in the observed increase in losses. For analysis purposes, storm loss is depicted as a function of the value of … material assets affected by the storm (the capital stock) and storm intensity. The findings show the increase in losses due to …
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