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viable alternative to government compensation. Further, we wonder whether compulsory first-party disaster coverage could be a …
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Flood risk has consistently been ranked as one of the major emerging risks, with the potential of having a substantial systemic impact on the insurance industry. In this paper, we provide a micro-economic foundation for a flood risk insurance market. Specifically, we characterize Pareto-optimal...
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-political instability are making disaster insurance increasingly expensive or unavailable. Given their growing importance, understanding the … role of PGEs in both insurance protection and their potential to create a more resilient society is critical. Disaster … Insurance Reimagined uses practical examples from different countries to explain how PGEs step in to maintain disaster insurance …
Persistent link: https://www.econbiz.de/10015045534
Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to "fat-tailed" risks of catastrophic outcomes (Weitzman, 2009b). Such risks are suggested to be an inevitable consequence of scientific uncertainty about the effects of increased...
Persistent link: https://www.econbiz.de/10010199723
The ongoing process of climate change goes along with a higher frequency and/or severity of droughts. While the short-term growth consequences of droughts are comparatively well examined, little research has yet been devoted to the question whether and how droughts affect medium and long-term...
Persistent link: https://www.econbiz.de/10011384506
In recent years, there has been rapid development of the literature linking climate change and armed conflicts. Although no conclusionary evidence has been found of a direct link between climate change and armed conflicts, still climate change has been addressed as an important trigger,...
Persistent link: https://www.econbiz.de/10012814563
shows that planned and sustained movement may help individuals weather shocks and diversify income in the face of disaster …, as well as the uneven outcomes of disaster-related remittances in Asia. In addition, it gives insight into predicted … diverse ways in which disaster-related migration may affect economic growth and social resilience in Asia. …
Persistent link: https://www.econbiz.de/10012026173
exports of the affected country but have ambiguous effects on its services imports. On average, a large natural disaster can … by a large natural disaster, with the negative impact on communications exports lasting for up to five years after a … disaster. We also find consistently across all estimations that the negative impact of natural disasters on services trade is …
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