We study the valuation impact on 148 insurance stocks caused by 25 of the largest catastrophic events that occurred in recent history. Because of their exceptional severity and the consequent high attention they experience in the media we expect to find significant overreactions of insurance...

Hurricane Katrina devastated the Louisiana and Mississippi Gulf Coast. The casino industry, especially in Mississippi, suffered staggering losses. We describe the industrys losses and provide data on the industry before and after Katrina. Following previous research which has indicated that...

Free markets in capital and labor are essential to rapid recovery from natural disaster. Political and rhetorical responses to Hurricane Katrina included denunciation of price gougers in the market for gasoline; the arbitrariness associated with anti-price gouging legislation may create...

This paper presents two new models for valuing closely held businesses that are experiencing growth. These models supplement the existing growth model and incorporate alternate assumptions regarding the character of future growth.

This paper examines the effect of Hurricane Katrina on Louisiana's state economy. In particular, I use a state coincident index to assess the economic loss from Hurricane Katrina. This alternative approach provides policymakers with a simple and timely measure of the economy for modeling disasters.