The Economic and Policy Consequences of Catastrophes
How likely is a catastrophic event that would substantially reduce the capital stock, GDP, and wealth? How much should society be willing to pay to reduce the probability or impact of a catastrophe? We answer these questions and provide a framework for policy analysis using a general equilibrium mod...
| Main Authors: | , |
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| Format: | Article |
| Language: | en_US |
| Published: |
American Economic Association
2014
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| Online Access: | http://hdl.handle.net/1721.1/88035 https://orcid.org/0000-0001-8296-9875 |