This issues paper aims to help ADB DMC governments integrate Disaster Risk Management into their national developmental strategies and examine how emerging economies of Asia can cooperate to improve their disaster risk management practices, in view of increasing risks of compound disasters,...

This paper intends to further understanding of catastrophic events by reviewing the economic literature on their effects as well as potential means of dealing with the corresponding risks and uncertainties. Since 2000, the world has seen a number of catastrophes including terrorist attacks in...

I analyze optimal natural resource use in an intergenerational model with the risk of a catastrophe. Each generation maximizes a weighted sum of discounted utility (positive) and the probability that a catastrophe will occur at any point in the future (negative). The model generates time-...