NATIONAL BUREAU OF ECONOMIC
RESEARCH, INC.
Universities Research Conference
Insurance Markets and Catastrophe Risk
Kenneth Froot, Howard Kunreuther and Erwann Michel-Kerjan, Organizers
May 11-12, 2012
Le Méridien
Hotel Cambridge-MIT
Hunsaker Rooms
20 Sidney Street
Cambridge, MA
PROGRAM
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Friday,
May 11:
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8:00
am
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Registration
and Continental Breakfast
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8:30
am
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Dwight
Jaffee, University of California at Berkeley
Thomas Russell, Santa Clara University
The Welfare Economics of Catastrophic Loss (slides)
Discussant: Michael Rothschild, Princeton University
and NBER (slides)
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Antony Millner, University of California at
Berkeley
On Welfare
Frameworks and Catastrophic Climate Risks (slides)
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Discussant: William Nordhaus,
Yale University and NBER (slides)
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10:00
am
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Break
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10:30 am
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Emek Basker, University
of Missouri
Javier Miranda, Bureau of the Census
Taken by Storm: Business Survival in the
Aftermath of Hurricane Katrina (slides)
Discussant: Jeffrey Brown, University of Illinois and NBER (slides)
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, University of
Illinois at Urbana-Champaign
The Role of
Transfer Payments in Mitigating Shocks: Evidence from the Impact of
Hurricanes (slides)
Discussant: Erwann Michel-Kerjan,
University of Pennsylvania and NBER (slides)
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12:00
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Lunch
– Luscomb Ballroom
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1:00 pm
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Jing Cai, University of California at Berkeley
Social Networks
and the Decision to Insure: Evidence from Randomized Experiments in China (slides)
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Discussant:
Glenn Harrison, Georgia State University
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Shawn A. Cole, Harvard University
Xavier Gine, The World Bank
James Vickery, Federal Reserve Bank of New York
How Does Risk Management Influence Production
Decisions? Evidence from a Field Experiment (slides)
Discussant:
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Raghav Gaiha, University
of Delhi
Kenneth Hill, Harvard University
Ganesh Thapa,
International Fund for Agricultural Development
Have Natural Disasters Become Deadlier? (slides)
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Discussant:
Joanne Linnerooth Bayer, International
Institute for Applied Systems Analysis (slides)
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3:15
pm
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Break
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3:45 pm
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Enrico Biffis, Imperial College
Business School
Pietro Millossovich,
University of Trieste
Optimal
Insurance with Counterparty Default Risk (slides)
Discussant: Andrey Malenko, Massachusetts
Institute of Technology (slides)
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Bartosz Mackowiak,
European Central Bank
Mirko Wiederholt,
Northwestern University
Inattention to Rare Events (slides)
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Discussant:
Christopher Sims, Princeton University and NBER
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5:15
pm
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Adjourn
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6:00
pm
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Group Dinner – Luscomb Ballroom at Le Meridien Hotel Cambridge-MIT
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Saturday,
May 12:
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8:30
am
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Continental
Breakfast
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9:00 am
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Barry Goodwin, North Carolina State University
Copula-Based Models
of Systemic Risk in U.S. Agriculture: Implications for Crop Insurance and
Reinsurance Contracts (slides)
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Discussant:
Jerry Skees, University of Kentucky (slides)
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Charles Huyck, ImageCat,
Inc.
Adam Rose, University of Southern California
Improving
Catastrophe Modeling for Business Interruption Insurance Needs (slides)
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Discussant:
Howard Kunreuther, University of Pennsylvania and
NBER (slides)
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10:30
am
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Break
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11:00 am
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Laura Kodres, International Monetary Fund
S. Erik Oppers, International Monetary Fund
John Kiff, International Monetary Fund
Michael Kisser, Norwegian School of Economics
The Financial Sector Impact of Longevity (slides)
Discussant: Olivia Mitchell, University of Pennsylvania and NBER (slides)
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Thomas R. Berry-Stoelzle, University of Georgia
Greg Nini, University of Pennsylvania
Sabine Wende, University of Cologne
External
Financing in the Life Insurance Industry: Evidence from the Financial Crisis
(slides)
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Discussant:
Kenneth Froot, Harvard University and NBER (slides)
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12:30
pm
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Adjourn
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