In 1997, the Federal Emergency Management Agency (FEMA) announced a new initiative called Project Impact. The initiative was designed to make communities more resistant and resilient to the disruption and disaster associated with natural hazards. One of the pilot communities was Wilmington/New...

This study examines changes in Nashville’s labor market following the April 16, 1998 tornado. Specifically, the study focuses on whether or not employment growth experienced a change in mean around the time of the tornado. A time series intervention model that allows for timevarying...

Survey data from Tulsa, Oklahoma residents are used to examine individual valuations of safe rooms. The study utilises two measures of individual valuations, the maximum willingness to pay (WTP) and willingness to accept (WTA) for safe rooms. The primary research questions are concerned with...

This paper explores valuation of two measures of windstorm mitigation in a Gulf Coast city. Since the home owner is not able to reduce the probability that a hurricane or tropical storm will occur at the structure's location, any voluntary mitigation intended to fortify the home is a form of...

This study applies the concept of a dynamic dominant-firm oligopoly model to the international soybean market. It has been suggested that the international soybean market should be viewed as an oligopoly among exporting nations. Consistent with Gaskins (1971) dynamic dominant firm model, our...

The effect of price controls on competitive equilibrium is a standard topic in many undergraduate economics courses. This classroom experiment demonstrates the effect of rent control (price ceilings) on the market for apartments. As participants in the experiment, students experience the effect...

This paper explores the value of windstorm mitigation in a Gulf Coast city. Policymakers have long assumed that agents will not voluntarily mitigate for a natural disaster. Consequently, policy has focused on coercive measures. Data for the study contains detailed information on the inclusion of...