In this paper, we investigate the rebuild or repair decision that property owners face after damages caused by catastrophic hurricanes such as Katrina in New Orleans. In particular, we consider how the degree of risk aversion and uncertainty affect the decision-making process. A theoretical...

This empirical study extends the work of Coakley et al. (Manchester School, Vol. 72 (2004), pp. 569-590) with respect to the Feldstein-Horioka puzzle for a sample of 47 developing countries. The study examines the savings-investment relationship through a comparison of the Feldstein-Horioka...