The paper considersan industry where the effects of pollution can be off-set by investing in adaption as a private good. The focus is not on external effects, but on economies of scale that are introducted when the costs of adapting to pollution are independent from the quantity produced. The...

Over the recent year, humanity has faced natural disasters of unprecedented magnitude and impact. However, governments and international aid organizations do not systematically plan for preventing and mitigating the effects of natural disasters, and macroeconomic scenarios seldom take into...

The frequency of intense floods and storms is increasing globally, particularly in Asia-Pacific, amid the specter of climate change. Associated with these natural disasters are more variable and extreme rainfall and temperatures as recorded in publicly available databases for the world,...