The National Flood Insurance Program (NFIP) is chronically insolvent due to the increased intensity and frequency of natural disasters. NFIP was not designed to be actuarially sound; however, the increasing debt associated with NFIP has resulted in policy efforts to increase flood insurance...

The performance of quasi-experimental methods applied to changes in non-market goods depends on the ability of reduced form models to accurately measure willingness to pay. When exogenous changes are non-marginal, the accuracy of the reduced form approximations is not well understood. Further...

This paper provides estimates of the capitalization of the Single Payment Scheme (SPS) payment of the Common Agricultural Policy (CAP) on agricultural land rental rates. We address problems of unobserved heterogeneity and sample selection. As the 2013 CAP Reform calls for the harmonization of...