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Rules Rather Than Discretion: Lessons from Hurricane Katrina

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  1. Aglaia Petseti & Milton Nektarios, 2012. "Proposal for a National Earthquake Insurance Programme for Greece," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 37(2), pages 377-400, April.
  2. Paul Raschky, 2007. "Estimating the effects of risk transfer mechanisms against floods in Europe and U.S.A.: A dynamic panel approach," Working Papers 2007-05, Faculty of Economics and Statistics, Universität Innsbruck.
  3. Xiao Lin, 2020. "Risk awareness and adverse selection in catastrophe insurance: Evidence from California’s residential earthquake insurance market," Journal of Risk and Uncertainty, Springer, vol. 61(1), pages 43-65, August.
  4. Bjoern Hagendorff & Jens Hagendorff & Kevin Keasey, 2015. "The Impact of Mega‐Catastrophes on Insurers: An Exposure‐Based Analysis of the U.S. Homeowners’ Insurance Market," Risk Analysis, John Wiley & Sons, vol. 35(1), pages 157-173, January.
  5. Thomas Url, 2008. "Wahrscheinlichkeits-Überschreitungskurven für Hochwasserkatastrophen in Österreich," WIFO Studies, WIFO, number 34140, March.
  6. Reimund Schwarze & Carsten Croonenbroeck, 2017. "Economies of Integrated Risk Management? An Empirical Analysis of the Swiss Public Insurance Approach to Natural Hazard Prevention," Economics of Disasters and Climate Change, Springer, vol. 1(2), pages 167-178, July.
  7. Ji Yun Lee & Fangjiao Ma & Yue Li, 2022. "Understanding homeowner proactive actions for managing wildfire risks," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 114(2), pages 1525-1547, November.
  8. SAWADA Yasuyuki & MASAKI Tatsujiro & NAKATA Hiroyuki & SEKIGUCHI Kunio, 2017. "Natural Disasters: Financial preparedness of corporate Japan," Discussion papers 17014, Research Institute of Economy, Trade and Industry (RIETI).
  9. Kousky, Carolyn, 2012. "Informing Climate Adaptation: A Review of the Economic Costs of Natural Disasters, Their Determinants, and Risk Reduction Options," RFF Working Paper Series dp-12-28, Resources for the Future.
  10. Craig Landry & Dylan Turner, 2020. "Risk Perceptions and Flood Insurance: Insights from Homeowners on the Georgia Coast," Sustainability, MDPI, vol. 12(24), pages 1-22, December.
  11. Craig E. Landry & Paul Hindsley & Okmyung Bin & Jamie B. Kruse & John C. Whitehead & Ken Wilson, 2011. "Weathering the Storm: Measuring Household Willingness‐to‐Pay for Risk‐Reduction in Post‐Katrina New Orleans," Southern Economic Journal, John Wiley & Sons, vol. 77(4), pages 991-1013, April.
  12. Brunette, Marielle & Couture, Stéphane, 2008. "Public compensation for windstorm damage reduces incentives for risk management investments," Forest Policy and Economics, Elsevier, vol. 10(7-8), pages 491-499, October.
  13. Céline Grislain-Letrémy, 2018. "Natural Disasters: Exposure and Underinsurance," Annals of Economics and Statistics, GENES, issue 129, pages 53-83.
  14. Antonio Coviello & Giovanni Di Trapani, 2013. "Supply Risk Management: Mitigation Strategy," The International Journal of Economic Behavior - IJEB, Faculty of Business and Administration, University of Bucharest, vol. 3(1), pages 169-176, December.
  15. Dobes Leo & Jotzo Frank & Stern David I., 2014. "The Economics of Global Climate Change: A Historical Literature Review," Review of Economics, De Gruyter, vol. 65(3), pages 281-320, December.
  16. Mario Jametti & Thomas von Ungern-Sternberg, 2009. "Hurricane Insurance in Florida," Quaderni della facoltà di Scienze economiche dell'Università di Lugano 0905, USI Università della Svizzera italiana.
  17. Yin, Zhichao & Yan, Yu & Chen, Xirong & Liu, Taixing, 2022. "Earthquake and household energy consumption – Evidence from the Wenchuan earthquake in China," Energy Economics, Elsevier, vol. 111(C).
  18. repec:dau:papers:123456789/13276 is not listed on IDEAS
  19. Surminski, Swenja, 2014. "The role of insurance in reducing direct risk: the case of flood insurance," LSE Research Online Documents on Economics 60764, London School of Economics and Political Science, LSE Library.
  20. Filatova, Tatiana & Parker, Dawn C. & van der Veen, Anne, 2011. "The Implications of Skewed Risk Perception for a Dutch Coastal Land Market: Insights from an Agent-Based Computational Economics Model," Agricultural and Resource Economics Review, Cambridge University Press, vol. 40(3), pages 405-423, December.
  21. Thompson Fred & Rizova Polly, 2015. "How Government Creates Value?," Economic Themes, Sciendo, vol. 53(4), pages 449-466, December.
  22. W. J. W. Botzen & J. C. J. M. Van Den Bergh, 2008. "Insurance Against Climate Change and Flooding in the Netherlands: Present, Future, and Comparison with Other Countries," Risk Analysis, John Wiley & Sons, vol. 28(2), pages 413-426, April.
  23. Jason Scott Johnston, 2012. "Disasters and Decentralisation," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 37(2), pages 228-256, April.
  24. Chollete, Lorán & Jaffee, Dwight & Mamun, Khawaja A., 2022. "Policy suggestions from a simple framework with extreme outcomes," International Review of Economics & Finance, Elsevier, vol. 82(C), pages 374-398.
  25. Patricia H. Born & Barbara Klimaszewski-Blettner, 2013. "Should I Stay or Should I Go? The Impact of Natural Disasters and Regulation on U.S. Property Insurers’ Supply Decisions," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 80(1), pages 1-36, March.
  26. Piotr Wajszczyk, 2016. "Informal Institutions in the Corporate Governance System in Russia," Annales. Ethics in Economic Life, University of Lodz, Faculty of Economics and Sociology, vol. 19(4), pages 113-121, December.
  27. Villegas, Laura, 2019. "Integrating Econometric Models of Land Use Change with Models of Ecosystem Services and Landscape Simulations to Guide Coastal Management and Planning for Flood Control," EfD Discussion Paper 19-13, Environment for Development, University of Gothenburg.
  28. Evan Flugman & Pallab Mozumder & Timothy Randhir, 2012. "Facilitating adaptation to global climate change: perspectives from experts and decision makers serving the Florida Keys," Climatic Change, Springer, vol. 112(3), pages 1015-1035, June.
  29. Wang, Chen & Sun, Jiayi & Russell, Roddy & Daziano, Ricardo A., 2018. "Analyzing willingness to improve the resilience of New York City's transportation system," Transport Policy, Elsevier, vol. 69(C), pages 10-19.
  30. Botzen, W.J.W. & Aerts, J.C.J.H. & van den Bergh, J.C.J.M., 2009. "Willingness of homeowners to mitigate climate risk through insurance," Ecological Economics, Elsevier, vol. 68(8-9), pages 2265-2277, June.
  31. Caurla, Sylvain & Garcia, Serge & Niedzwiedz, Alexandra, 2015. "Store or export? An economic evaluation of financial compensation to forest sector after windstorm. The case of Hurricane Klaus," Forest Policy and Economics, Elsevier, vol. 61(C), pages 30-38.
  32. Eileen Norcross & Anthony Skriba, 2010. "The Road Home: Helping Homeowners in the Gulf After Katrina," Chapters, in: Emily Chamlee-Wright & Virgil Henry Storr (ed.), The Political Economy of Hurricane Katrina and Community Rebound, chapter 11, Edward Elgar Publishing.
  33. Osberghaus, Daniel & Reif, Christiane, 2021. "How do different compensation schemes and loss experience affect insurance decisions? Experimental evidence from two independent and heterogeneous samples," Ecological Economics, Elsevier, vol. 187(C).
  34. Jacqueline Volkman-Wise, 2015. "Representativeness and managing catastrophe risk," Journal of Risk and Uncertainty, Springer, vol. 51(3), pages 267-290, December.
  35. Chunhua Wang, 2019. "Did natural disasters affect population density growth in US counties?," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 62(1), pages 21-46, February.
  36. Paul A. Raschky & Manijeh Schwindt, 2016. "Aid, Catastrophes and the Samaritan's Dilemma," Economica, London School of Economics and Political Science, vol. 83(332), pages 624-645, October.
  37. Marielle Brunette & Laure Cabantous & Stéphane Couture & Anne Stenger, 2008. "Insurance Demand for Disaster-type Risks and the Separation of Attitudes toward Risk and Ambiguity: an Experimental Study," Working Papers - Cahiers du LEF 2008-05, Laboratoire d'Economie Forestiere, AgroParisTech-INRA.
  38. Ahmed Tauqeer Zahid & Farooq AhmadKhan, 2017. "Cost Mitigation of Natural Disasters through Insurance," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 8(3), pages 16-25, September.
  39. Marielle Brunette & Laure Cabantous & Stéphane Couture & Anne Stenger, 2009. "Assurance, intervention publique et ambiguïté : une étude expérimentale auprès de propriétaires forestiers privés," Économie et Prévision, Programme National Persée, vol. 190(4), pages 123-134.
  40. Randy E. Dumm & David L. Eckles & Charles Nyce & Jacqueline Volkman-Wise, 2020. "The representative heuristic and catastrophe-related risk behaviors," Journal of Risk and Uncertainty, Springer, vol. 60(2), pages 157-185, April.
  41. Kousky, Carolyn & Kunreuther, Howard C., 2009. "Improving Flood Insurance and Flood Risk Management: Insights from St. Louis, Missouri," RFF Working Paper Series dp-09-07, Resources for the Future.
  42. Grislain-Letrémy, Céline, 2012. "Assurance et prévention des catastrophes naturelles et technologiques," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/9073 edited by Villeneuve, Bertrand.
  43. Poontirakul, Porntida & Brown, Charlotte & Noy, Ilan & Seville, Erica & Vargo, John, 2016. "The role of commercial insurance in post-disaster recovery: Quantitative evidence from the 2011 Christchurch earthquake," Working Paper Series 19396, Victoria University of Wellington, School of Economics and Finance.
  44. Poontirakul, Porntida & Brown, Charlotte & Noy, Ilan & Seville, Erica & Vargo, John, 2016. "The role of commercial insurance in post-disaster recovery: Quantitative evidence from the 2011 Christchurch earthquake," Working Paper Series 4980, Victoria University of Wellington, School of Economics and Finance.
  45. Dingbang Cang & Yiming Xu & Guiqiang Wang, 2022. "The Relationship between Economic Growth and Disaster Losses-Based on Linear and Nonlinear ARDL Model in China," Sustainability, MDPI, vol. 14(15), pages 1-11, August.
  46. Yasuyuki Sawada, 2017. "Disasters, Household Decisions, and Insurance Mechanisms: A Review of Evidence and a Case Study from a Developing Country in Asia," Asian Economic Policy Review, Japan Center for Economic Research, vol. 12(1), pages 18-40, January.
  47. Elisabeth Gsottbauer & Jeroen Bergh, 2011. "Environmental Policy Theory Given Bounded Rationality and Other-regarding Preferences," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 49(2), pages 263-304, June.
  48. Mona Ahmadiani & Susana Ferreira & Craig E. Landry, 2019. "Flood Insurance and Risk Reduction: Market Penetration, Coverage, and Mitigation in Coastal North Carolina," Southern Economic Journal, John Wiley & Sons, vol. 85(4), pages 1058-1082, April.
  49. Oberlack, Christoph & Neumärker, Bernhard, 2011. "Economics, institutions and adaptation to climate change," The Constitutional Economics Network Working Papers 04-2011, University of Freiburg, Department of Economic Policy and Constitutional Economic Theory.
  50. Nicole D. Peterson, 2012. "Developing Climate Adaptation: The Intersection of Climate Research and Development Programmes in Index Insurance," Development and Change, International Institute of Social Studies, vol. 43(2), pages 557-584, March.
  51. Tanvir Pavel & Pallab Mozumder, 2019. "Household Preferences for Managing Coastal Vulnerability: State vs. Federal Adaptation Fund," Economics of Disasters and Climate Change, Springer, vol. 3(3), pages 281-304, October.
  52. Mohammadali Zolfagharian & Fuad Hasan & Golnaz B. Motie & Gregory D. Squires, 2020. "Perceptions of Home Insurance and Policy Directions: Comparing Mexican Americans and Non‐Hispanic White Americans," Journal of Consumer Affairs, Wiley Blackwell, vol. 54(2), pages 417-455, June.
  53. Andrew Royal, 2017. "Dynamics in risk taking with a low-probability hazard," Journal of Risk and Uncertainty, Springer, vol. 55(1), pages 41-69, August.
  54. Alex Boulatov & Stephan Dieckmann, 2013. "The Risk-Sharing Implications of Disaster Insurance Funds," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 80(1), pages 37-64, March.
  55. Paul A. Raschky & Hannelore Weck-Hannemann, "undated". "Who is going to save us now? Bureaucrats, Politicians and Risky Tasks," Working Papers 2007-29, Faculty of Economics and Statistics, Universität Innsbruck.
  56. Riyanti Djalante & Cameron Holley & Frank Thomalla & Michelle Carnegie, 2013. "Pathways for adaptive and integrated disaster resilience," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 69(3), pages 2105-2135, December.
  57. Osiel Gonz�lez D�vila & Mavra Stithou & Gianluca Pescaroli & Luca Pietrantoni & Phoebe Koundouri & Pedro D�az-Simal & B�n�dicte Rulleau & Nabil Touli & Fran�ois Hissel & Edmund Penning-Rowsell, 2013. "Promoting resilient economies by exploring insurance potential for facing coastal flooding and erosion: evidence from Italy, Spain, France and United Kingdom," GRI Working Papers 127, Grantham Research Institute on Climate Change and the Environment.
  58. Adam Martin, 2010. "Uncertainty in the Post-Katrina Big Easy," Chapters, in: Emily Chamlee-Wright & Virgil Henry Storr (ed.), The Political Economy of Hurricane Katrina and Community Rebound, chapter 2, Edward Elgar Publishing.
  59. Ming Cao & Yiming Xu & Yuanhong Sun & Dingbang Cang, 2023. "Natural Disasters, Economic Growth, and Carbon Emissions: Empirical Analysis of Chinese Data Based on a Nonlinear Auto-Regressive Distributed Lag Model," Sustainability, MDPI, vol. 15(21), pages 1-12, October.
  60. Marielle Brunette & Stephane Couture, 2007. "Effects of Public Compensation for Disaster Damages on Private Insurance and Forest Management Decisions," Working Papers - Cahiers du LEF 2007-06, Laboratoire d'Economie Forestiere, AgroParisTech-INRA.
  61. Clarke,Daniel Jonathan & Wren-Lewis,Liam, 2016. "Solving commitment problems in disaster risk finance," Policy Research Working Paper Series 7720, The World Bank.
  62. Howard C. Kunreuther & Erwann O. Michel-Kerjan, 2007. "Evaluating The Effectiveness of Terrorism Risk Financing Solutions," NBER Working Papers 13359, National Bureau of Economic Research, Inc.
  63. Craig E. Landry & Dylan Turner & Daniel Petrolia, 2021. "Flood Insurance Market Penetration and Expectations of Disaster Assistance," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(2), pages 357-386, June.
  64. James M. Carson & Kathleen A. McCullough & David M. Pooser, 2013. "Deciding Whether to Invest in Mitigation Measures: Evidence From Florida," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 80(2), pages 309-327, June.
  65. Toon Haer & W. J. Wouter Botzen & Hans de Moel & Jeroen C. J. H. Aerts, 2017. "Integrating Household Risk Mitigation Behavior in Flood Risk Analysis: An Agent‐Based Model Approach," Risk Analysis, John Wiley & Sons, vol. 37(10), pages 1977-1992, October.
  66. Wang, Chunhua, 2014. "Regulating land development in a natural disaster-prone area: The roles of building codes," Resource and Energy Economics, Elsevier, vol. 36(1), pages 209-228.
  67. Kumazawa Risa & Query J. Tim & Yanochik Mark A., 2011. "A Real-Options Approach to Post-Hurricane Loss Valuation of Damage Property: Rebuild or Repair?," Asia-Pacific Journal of Risk and Insurance, De Gruyter, vol. 5(1), pages 1-14, March.
  68. T. Ermolieva & T. Filatova & Y. Ermoliev & M. Obersteiner & K. M. de Bruijn & A. Jeuken, 2017. "Flood Catastrophe Model for Designing Optimal Flood Insurance Program: Estimating Location‐Specific Premiums in the Netherlands," Risk Analysis, John Wiley & Sons, vol. 37(1), pages 82-98, January.
  69. Jean Paul Vanderlinden & Juan Baztan & Tracey Coates & Osiel Gonzalez Davila & Francois Hissel & Idrissa Oumar Kane & Phoebe Koundouri & Loraine McFadden & Dennis Parker & Edmund Penning-Rowsell & Luc, 2015. "Nonstructural Approaches to Coastal Risk Mitigations," DEOS Working Papers 1523, Athens University of Economics and Business.
  70. Sungyoon Lee & Jennifer Dodge & Gang Chen, 2022. "The cost of social vulnerability: an integrative conceptual framework and model for assessing financial risks in natural disaster management," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 114(1), pages 691-712, October.
  71. W. Botzen & J. Bergh & L. Bouwer, 2010. "Climate change and increased risk for the insurance sector: a global perspective and an assessment for the Netherlands," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 52(3), pages 577-598, March.
  72. Bradley T. Ewing & Jamie Brown Kruse & Dan Sutter, 2007. "Hurricanes and Economic Research: An Introduction to the Hurricane Katrina Symposium," Southern Economic Journal, John Wiley & Sons, vol. 74(2), pages 315-325, October.
  73. Trond Husby & Henri L. F. de Groot & Marjan W. Hofkes & Tatiana Filatova, 2018. "Flood protection and endogenous sorting of households: the role of credit constraints," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 23(2), pages 147-168, February.
  74. C. Dieperink & D. L. T Hegger & M. H. N. Bakker & Z. W. Kundzewicz & C. Green & P. P. J. Driessen, 2016. "Recurrent Governance Challenges in the Implementation and Alignment of Flood Risk Management Strategies: a Review," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 30(13), pages 4467-4481, October.
  75. Blackstone, Erwin A. & Hakim, Simon & Meehan, Brian, 2017. "A regional, market oriented governance for disaster management: A new planning approach," Evaluation and Program Planning, Elsevier, vol. 64(C), pages 57-68.
  76. Timo R. Lambregts & Paul Bruggen & Han Bleichrodt, 2021. "Insurance decisions under nonperformance risk and ambiguity," Journal of Risk and Uncertainty, Springer, vol. 63(3), pages 229-253, December.
  77. Qihao He & Michael Faure, 2024. "Strengthening Resilience and Sustainability for Post-Disaster Recovery: A Comparative Law and Economics Analysis on Smart Mixes Between Mechanisms," Sustainability, MDPI, vol. 16(21), pages 1-27, November.
  78. Oberlack, Christoph & Neumärker, Bernhard, 2013. "A diagnostic approach to the institutional analysis of climate adaptation," The Constitutional Economics Network Working Papers 01-2013, University of Freiburg, Department of Economic Policy and Constitutional Economic Theory.
  79. William F. Vásquez & Pallab Mozumder, 2017. "Willingness to Pay for Hurricane-Resistant Home Improvement Programs: a Choice Experiment in Northeastern and Mid-Atlantic United States," Economics of Disasters and Climate Change, Springer, vol. 1(3), pages 263-276, October.
  80. Scott Farrow, 2015. "A comparison of key benefit estimation issues for natural hazards and terrorism: ex ante/ex post valuation and endogenous risk," Chapters, in: Carol Mansfield & V. K. Smith (ed.), Benefit–Cost Analyses for Security Policies, chapter 6, pages 140-154, Edward Elgar Publishing.
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