Showing 1 - 10 of 2,223
We measure the economic risk of epidemics at a geo-spatially detailed resolution. In addition to data about the …'s resilience (its ability of the recover rapidly from the shock). We find that the economic risk of epidemics is particularly high …
Persistent link: https://www.econbiz.de/10012844211
current correlation being the best single predictor of the future stock market correlation (2) positive impact of the market …
Persistent link: https://www.econbiz.de/10014237624
Insurance for natural hazards - earthquakes, hurricanes, or pandemics - is rarely comprehensively adopted without intense government intervention, and even then it is often only a minority of properties or businesses that are insured. Efforts to close this insurance gap include the introduction...
Persistent link: https://www.econbiz.de/10013296268
People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts to reduce these insurance gaps. We examine...
Persistent link: https://www.econbiz.de/10013312079
We develop a novel firm-level measure of cybersecurity risk using textual analysis of cybersecurity-risk disclosures in … corporate filings. The measure successfully identifies firms extensively discussing cybersecurity risk in their 10-K, displays … intuitive relations with quantitative measures of cybersecurity risk disclosure language, exhibits a positive trend over time …
Persistent link: https://www.econbiz.de/10013314803
It is widely recognized that ?market failure? prevents efficient risk sharing in natural disaster insurance. As a …-private partnerships. We define risk selection as a situation where private companies pass insurance of high risk agents on to the public … premium rate in both high and low risk regions and the existence of a state reinsurer. We show that in our model, risk …
Persistent link: https://www.econbiz.de/10010276887
The concept of electoral competition plays a central role in many subfields of political science, but no consensus exists on how to measure it. One key challenge is how to conceptualize and measure electoral competitiveness at the district level across alternative electoral systems. Recent...
Persistent link: https://www.econbiz.de/10012892168
This paper offers a simple approach for identifying propagated departure delays and measuring their contribution to arrival delays. Under our approach, a propagated departure delay occurs when the arrival delay of the inbound flight exceeds the subsequent flight’s ground buffer. The size (or...
Persistent link: https://www.econbiz.de/10013323093
of risk preferences in the context of the COVID-19 pandemic. Relative to a baseline before the pandemic, we find that …
Persistent link: https://www.econbiz.de/10013324220
We provide a critique of the standard methodology which bases welfare comparisons between households on deflating household income and consumption by an equivalence scale. We argue that this leads to support for tax/transfer policies that significantly disadvantage low to middle in-come...
Persistent link: https://www.econbiz.de/10012830349