Similar Search Results

Demand for Multi-Year Catastrophe Insurance Contracts : Experimental Evidence for Mitigating the Insurance Gap

Dudek, Thomas; Ulm, Eric; Noy, Ilan - 2021

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

Quantifying the Demand, Supply, and Welfare Effects of Natural Disasters Using Monthly Trade Data

Felbermayr, Gabriel; Gröschl, Jasmin Katrin; Heid, Benedikt - 2021

temporarily up after a disaster. Using a consistent structural trade model, we back out monthly aggregate productivity measures …

Persistent link: https://www.econbiz.de/10013218873

Fifty Years of U.S. Natural Disaster Insurance Policy

Marcoux, Kendra; H. Wagner, Katherine R. - 2023

of natural disaster insurance in adapting to climate change. This chapter reviews current challenges in both public and … private natural disaster insurance markets in the United States and how the nature of these challenges has changed over the … complicate both the supply of and demand for natural disaster insurance, with spillovers to related markets such as real estate …

Persistent link: https://www.econbiz.de/10014356481

Dynamic Ic and Dynamic Programming

Kwon, Suehyun - 2019

This paper develops a dynamic programming method when the one-stage deviation principle in the sense of mechanism design literature doesn’t hold. The commonly used dynamic programming method is valid only if the one-stage deviation principle in the sense of mechanism design literature is...

Persistent link: https://www.econbiz.de/10012889686

Exploiting Symmetry in High-Dimensional Dynamic Programming

Kahou, Mahdi Ebrahimi; Fernández-Villaverde, Jesús; … - 2021

We propose a new method for solving high-dimensional dynamic programming problems and recursive competitive equilibria with a large (but finite) number of heterogeneous agents using deep learning. The „curse of dimensionality“ is avoided due to four complementary techniques: (1) exploiting...

Persistent link: https://www.econbiz.de/10013221172

From Separate Accounting to Formula Apportionment : Analysis in a Dynamic Framework

Radulescu, Doina - 2021

This paper analyzes the switch from Separate Accounting to Formula Apportionment in a dynamic framework. The model features both purely domestic corporations and a domestic multinational which invests at home and abroad as well as a purely foreign corporation and a foreign multinational which...

Persistent link: https://www.econbiz.de/10013316813

The Effects of Climate Change on a Small Open Economy

Economides, George - 2019

We investigate the impact of climate change on the macroeconomic performance of a small open economy. The setup is a new Keynesian dynamic stochastic general equilibrium model of a small open economy without monetary policy independence in which a climate module that interacts with the economy...

Persistent link: https://www.econbiz.de/10012888993

The Invariant Distribution of Wealth and Employment Status in a Small Open Economy with Precautionary Savings

Bayer, Christian - 2019

We study optimal savings in continuous time with exogenous transitions between employment and unemployment as the only source of uncertainty in a small open economy. We prove the existence of an optimal consumption path. We exploit that the dynamics of consumption and wealth between jumps can be...

Persistent link: https://www.econbiz.de/10012892186

The Dynamics of Pareto Distributed Wealth in a Small Open Economy

Birkner, Matthias; Scheuer, Niklas; Wälde, Klaus - 2021

We study a small open economy displaying Pareto-distributed wealth resulting from random death. The government runs a distribution scheme on inheritance. We present the mathematical background that allows to study the dynamics of means. We end up with ordinary differential equations for the mean...

Persistent link: https://www.econbiz.de/10013228863

Rent Taxation and its Intertemporal Welfare Effects in a Small Open Economy

Köthenbürger, Marko; Poutvaara, Panu - 2021

Previous literature concludes that replacing wage taxation by taxes on a fixed factor or its rents benefits future generations. However, the effects of such steady-state gains on the transition generations have been left open. In this paper, we show that taxation of rents may also increase...

Persistent link: https://www.econbiz.de/10013316664