The Economic and Policy Consequences of Catastrophes
How likely is a catastrophic event that would substantially reduce the capital stock, GDP, and wealth? How much should society be willing to pay to reduce the probability or impact of a catastrophe? We answer these questions and provide a framework for policy analysis using a general equilibrium mod...
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| Format: | Article |
| Language: | English |
| Published: |
American Economic Association,
2014-06-19T19:31:16Z.
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| Subjects: | |
| Online Access: | Get fulltext |