Revisiting Arrow-Lind: Managing Sovereign Disaster Risk

Reinhard Mechler · Stefan Hochrainer‐Stigler

16 citations0/0 files storedJournal of Natural Resources Policy Research

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Capital Investment and Risk Analysis Disaster Management and Resilience Climate Change Policy and Economics

Abstract

In their seminal paper of 1970, Kenneth Arrow and Robert Lind investigated how governments should treat uncertainty in the evaluation of public investment decisions. Their main argument was that if...

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2008The macroeconomic consequences of disasters 2013Uncertainty and the Evaluation of Public Investment Decisions 1970Economic Efficiency and the Distribution of Benefits from College Instruction 1974Uncertainty and the Evaluation of Public Investment Decisions 2001Survivor Bonds: Helping to Hedge Mortality Risk 2003Natural Disaster Risk Management and Financing Disaster Losses in Developing Countries 1996Principles of Cost-Benefit Analysis for Developing Countries 2007Sovereign financial disaster risk management: The case of Mexico

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