Public policy

This paper reviews the literature on climate risk mispricing in US housing markets, and policy options to correct them.

This paper investigates the impacts of new information and of information access costs on the demand for disaster insurance.

Important trade-offs associated with property insurance pricing.

The role of financial frictions in renewable energy investments.

We study the role played by the insurer of last resort, with an empirical application to the California FAIR plan and the state's non-renewal moratorium.

Empirical research involves multiple, seemingly-minor choices that can substantially impact a study's findings. While acknowledged, the importance of these “degrees of flexibility” on published estimates is not well understood. We examine the …

Credit scores matter more than disaster risk for insurance pricing

Climate change impacts threaten the stability of the US housing market. In response to growing concerns that increasing costs of flooding are not fully captured in property values, we quantify the magnitude of unpriced flood risk in the housing …

Water leaks management as an efficient urban water saving tool.

We highlight mobility inequalities during the early stages of the COVID-19 pandemic.