Handbook on the Economics of Disasters

Edited by Mark Skidmore, Professor of Economics/Morris Chair in State and Local Government Finance and Policy, Department of Agricultural, Food, and Resource Economics/Department of Economics, Michigan State University, East Lansing, Michigan, US

Contents:

1 Introduction to the Handbook on the Economics of Disasters 1
Mark Skidmore
2 A taxonomy of natural disasters 13
Mark Skidmore

PART I THEORETICAL CONSIDERATIONS IN EVALUATING
DISASTER IMPACTS
3 A few good models for economic analysis of disasters:
can your model handle the truth? 30
Yasuhide Okuyama
4 Behavioral economic consequences of disasters 50
Adam Rose
5 The role of biases and heuristics in addressing natural disasters 72
Howard Kunreuther and Wouter Botzen
6 Risk preferences and natural disasters: a review of theoretical
and empirical themes 86
Laura Bakkensen and Marc N. Conte

PART II EVALUATION OF DISASTER CONSEQUENCES
SECTION I Economic Impacts
7 Economic consequences of pre-COVID-19 epidemics: a literature review 117
Ilan Noy and Tomáš Uher
8 Natural disasters and economic growth: revisiting the evidence 134
Jesús Crespo Cuaresma
9 The impact of natural disasters on economic growth 150
Eduardo A. Cavallo, Oscar Becerra and Laura Acevedo
10 Assessing the impact of natural disasters on industry gross domestic
product in the United States 193
Monica Escaleras, Anand Jha and Christopher J. Boudreaux
11 The fiscal consequences of natural disasters 208
Tatyana Deryugina
SECTION II Social Impacts
12 Natural disasters and self-reported well-being: a review of the literature 230
Michael Berlemann and Marina Eurich
13 Preferences, behavior, and welfare outcomes against disasters: a review 252
Yasuyuki Sawada
14 Effect of major disasters on geographic mobility intentions:
the case of the Fukushima nuclear accident 275
Eiji Yamamura, Chisako Yamane, Shoko Yamane and Yoshiro Tsutsui

PART III RISK MANAGEMENT, RESILIENCY AND VULNERABILITY
SECTION I Insurance
15 The role of insurance in integrated disaster risk management
with a focus on how insurance can support climate adaptation
and disaster resilience 294
Swenja Surminski
16 Supplying insurance for natural disasters: a retrospective study
of property insurer strategies 319
Patricia H. Born and J. Bradley Karl
SECTION II Risk Assessment and Reduction
17 Expanded disaster risk assessment using agent-based modeling:
a case study on floods in Sri Lanka 355
Brian Walsh and Stéphane Hallegatte
18 Using weather modification to subdue severe weather 389
Scott Knowles and Mark Skidmore
SECTION III Resilience and Vulnerability
19 Advances in the empirical estimation of disaster resilience 401
Noah Dormady, Adam Rose and C. Blain Morin
20 State capacity and vulnerability to natural disasters 434
Richard S. J. Tol
SECTION IV Recovery and Response
21 Small business recovery: lessons from Hurricane Katrina and
the COVID-19 pandemic 459
Maria I. Marshall, Bhagyashree Katare and Corinne B. Valdivia
22 Disaster challenges and entrepreneurial responses 472
Virgil Henry Storr, Stefanie Haeffele and Alexander W. Craig

Index 487