growth. Flood damages affect Coastal firms hitting their labour productivity, capital stock and inventories. We find that the …-reinforcing and path-dependent agglomeration processes. We then introduce five scenarios considering flood hazards characterized by … regions. If strong flood hazards hit frequently the Coastal region before agglomeration forces trigger high levels of …

We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk …

) the observed one and (b) increasing of 10% the average value. Peak flood probability distributions are analytically for … show that in absence of changes in the precipitation regime, the peak flood associated to low return period (<25 years … with an increase of the precipitation, changes in peak flood are almost the double in percentage …