Risks continue near the coasts such as flooding, oil spills, deaths and unemployment despite numerous policies to prevent and mitigate their effects. Such policies are typically analyzed in their natural units, such as jobs, and so comparisons are difficult across risk categories. An approach...

Floods provide a useful example of risky events that span a range from small to catastrophic. In such circumstances the economically preferred measure of the benefits is based on an ex-ante measure that takes into account a person’s willingness to pay to avoid variability in their income or...

Alternative governmental models and evaluation designs are used to analyze central regulatory institutions. Such institutions are increasingly used world wide to coordinate or advise decision making on regulatory actions that extend across multiple agencies. Bureaucratic, economic, and political...