Showing 1 - 10 of 5,131
This paper simulates the increase in the average annual loss from tropical cyclones in the North Atlantic for the years 2015 and 2050. The simulation is based on assumptions concerning wealth trends in the regions affected by the storms, considered by the change in material assets (capital...
Persistent link: https://www.econbiz.de/10010271096
Understanding the evolution of real-time beliefs about house price appreciation is central to understanding the U.S. housing crisis. At the peak of the recent housing cycle, both borrowers and lenders appealed to optimistic house price forecasts to justify undertaking increasingly risky loans....
Persistent link: https://www.econbiz.de/10010282748
Quality of life differences across areas can be measured by differences in real wages where real wages are computed as nominal wages adjusted for the cost of living. Computing cost of living differences involves several important issues, including how housing prices should be measured. Previous...
Persistent link: https://www.econbiz.de/10010287640
Tropical cyclones that make landfall on the coast of the USA are causing increasing economic losses. It is assumed that …
Persistent link: https://www.econbiz.de/10010265031
We examine the impact of hurricane strikes on the construction industry in US counties. To this end we use a measure of hurricane destruction derived from a wind field model and historical hurricane track data and employ this within a dynamic labour demand framework. Our results show that...
Persistent link: https://www.econbiz.de/10010277116
While companies have emerged as very proactive donors in the wake of recent major disasters like Hurricane Katrina, it remains unclear whether that corporate generosity generates benefits to firms themselves. The literature on strategic philanthropy suggests that such philanthropic behavior may...
Persistent link: https://www.econbiz.de/10010298393
An der Atlantikküste der USA haben die ökonomischen Schäden durch tropische Wirbelstürme in den letzten zehn Jahren …
Persistent link: https://www.econbiz.de/10010377861
The Agricultural and Food Policy Center (AFPC) at Texas A&M University develops and maintains data to simulate 94 representative crop, dairy, and livestock operations in major production areas in 30 states. The chief purpose of this analysis is to project the economic viability of those farms by...
Persistent link: https://www.econbiz.de/10012545984
We formally link insurance markets with product markets and identify a demand effect of insurance: if risk-averse consumers can buy insurance against possible product failure, there will be some additional consumers that buy the product because they can also purchase protection. The concomitant...
Persistent link: https://www.econbiz.de/10012114742
Data sets from car insurance companies often have a high-dimensional complex dependency structure. The use of classical statistical methods such as generalized linear models or Tweedie?s compound Poisson model can yield problems in this case. Christmann (2004) proposed a general approach to...
Persistent link: https://www.econbiz.de/10010296633