Natural disasters, mitigation investment and financial aid

We consider firms facing the risk of natural disasters and study their problem of investing in mitigation if financial insurance is not available. The firms' problem is to choose the optimal timing and size of the investment. The timing problem leads to a critical productivity size where firms...

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Veröffentlicht in:	Environment and development economics 2016-10, Vol.21 (5), p.603-625
Hauptverfasser:	Andergassen, Rainer, Sereno, Luigi
Format:	Artikel
Sprache:	eng
Schlagworte:	Business insurance Cash flow Charities Cost benefit analysis Developing countries Development economics Disaster management Disaster risk Disasters Economic models Economic statistics Economic theory Emergency preparedness Emergency response Financial aid Financing Hurricanes Insurance coverage International finance Investment Investments LDCs Literature reviews Mitigation Natural disasters Optimization Productivity Property & casualty insurance Reconstruction Rehabilitation Risk Risk premiums Risk reduction Studies Thresholds Time measurements
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