MODELING THE DECISION TO BUY FLOOD INSURANCE: AN EMPIRICAL ANALYSIS FOR COASTAL AREAS

A perennial question about the NFIP is: how can participation be increased? An empirical analysis reveals that in coastal areas the voluntary participation rate is only nine percent and identifies important determinants of the insurance purchase decision. It suggests that insurance will not discourage undesirable risk management practices in coastal areas.Risk and Uncertainty,

Field Experiments on Anchoring of Economic Valuations

A pillar of behavioral research is the view that preferences are constructed during the value elicitation process, but it is unclear whether, and to what extent, such biases influence real market equilibria. This paper examines the “anchoring” phenomenon in the field. The first experiment produces evidence that inexperienced consumers can be anchored in the value elicitation process, yet there is little evidence that experienced agents are influenced by anchors. The second experiment finds that anchors have only transient effects on prices and quantities traded: aggregate market outcomes converge to the intersection of supply and demand after a few market periods.field experiment, anchoring, valuation, experience

The Use of Targeting in Port State Control

This study will examine two separate, but related matters; (1) expansion of port State control through new treaties and international practice, and (2) the port State\u27s use of targeting to focus its attention on substandard performance. It will also outline and clarify the practice of targeting which has been employed under several regional port State control agreements throughout the world. This study will examine targeting as an economic sanction; in essence, a coercive measure using financial disincentives to discourage substandard performance in the maritime community. Targeting was designed or developed as an economic sanction. Rather, it was marketed as a rise management tool employed by the port State to preclude substandard actors from operating int he port States\u27 territory. The need for integrity, adherence to international laws and treaties, and proper behavior, (doing what is right) all seem obvious, but the reality is that unless the system incorporates appropriate incentives for compliance (or disincentives for noncompliance), the regime will be unsuccessfu

Alien Registration- Landry, Joseph E. (Millinocket, Penobscot County)

https://digitalmaine.com/alien_docs/8099/thumbnail.jp

Some Plain Talk About Airlines and Regulations

ANY regulatory framework influencing something as vast and important as this country\u27s scheduled airline system should be the subject of continuing review. Even a good regulatory framework can be improved through intelligent reassessment, and there are some significant modifications that can and should be made in light of the economic impact of regulation of the airlines. Yet, any discussion of such regulation or the merits of attempts to modify the existing regulatory framework through legislative proposal cannot be viewed entirely in the abstract. Rather, emphasis must carefully be directed toward the results of the actual or anticipated regulatory changes on the various aspects of our national life, including factors which certainly extend beyond the scope of the economic spectrum. Such an examination necessarily includes analysis and comparison on many levels and would literally be capable of absorbing voluminous works. Instead, I feel that it is time for some plain talk about airlines and regulation

Flow in the therapy setting : an examination of optimal experience in clinical social work practice

This study\u27s purpose was to understand how licensed clinical social workers described their optimal experience when they are engaged in clinical practice. The specific focus of this study was to conduct interviews to obtain subjective narrative descriptions of these experiences. The question was based on the theoretical model of flow, a state of mind where one is wholly absorbed in the moment. Data reflected that the social connection between the therapist and client was the strongest indicator of optimal experience. Data from this study showed evidence that participating licensed clinical social workers described their optimal experience in practice within the same language framework that Csikszentmihalyi (1988) and contemporaries used to define and explain flow. The data adds to existing qualitative studies in which optimal human experiences are described using the language framework of flow theory. Therapeutic applications of flow through mindfulness and visualization practices are explored in the discussion section of this paper

EXPANDING THE NATIONAL FLOOD INSURANCE PROGRAM TO COVER COASTAL EROSION DAMAGE

The National Flood Insurance Program does not currently cover damage strictly attributable to coastal erosion. This paper uses the results of a nationwide survey of coastal property owners to estimate the demand for such insurance. We find that there is significant demand at prices in the range of current flood insurance premiums. Demand is influenced in the hypothesized way by increased measures of erosion risk as well as by insurance price and income.Land Economics/Use, Risk and Uncertainty,

AN ECONOMIC EVALUATION OF BEACH EROSION MANAGEMENT ALTERNATIVES

This paper examines the relative economic efficiency of three distinct beach erosion management policies — beach nourishment with shoreline armoring, beach nourishment without armoring, and shoreline retreat. The analysis focuses on (i) the recreational benefits of beaches, (ii) the property value effects of beach management, and (iii) the costs associated with the three management scenarios. Assuming the removal of shoreline armoring improves overall beach quality, beach nourishment with shoreline armoring is the least desirable of the three alternatives. The countervailing property losses under a retreat strategy are of the same order of magnitude as the foregone management costs when the beneficial effects of retreat — higher values of housing services for those houses not lost to erosion — are considered. The relative desirability of these alternative strategies depends upon the realized erosion rate and how management costs change over time.Resource /Energy Economics and Policy,

COSTS OF COASTAL HAZARDS: EVIDENCE FROM THE PROPERTY MARKET

A hedonic price model suggests that flooding and erosion hazards, and the actions taken against them, are major determinants of property values in American coastal areas. A zoning ordnance against new construction within the 60-year erosion hazard area would increase property values and perhaps conserve the coastal ecosystem.Environmental Economics and Policy, Land Economics/Use,