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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Bibliographic Details
Main Authors: Pindyck, Robert S. (Contributor), Wang, Neng (Author)
Other Authors: Sloan School of Management (Contributor)
Format: Article
Language:English
Published: American Economic Association, 2014-06-19T19:31:16Z.
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