As the Probability of Rare Disasters Increases, Capitalists Respond and Innovate!
Been thinking about this since you first mentioned it a few years back. Really fascinating topic
Very interesting - what do you think of the idea that consumers recognize the risk, but expect it to be born by the electricity provider in exchange for increased prices so the provider can bury lines, continually upgrade systems etc?
MB, you are raising a very important point. Can I gently nudge you take a look at Megan's paper posted here under working papers?
https://www.meganlangecon.com/research
Been thinking about this since you first mentioned it a few years back. Really fascinating topic
Very interesting - what do you think of the idea that consumers recognize the risk, but expect it to be born by the electricity provider in exchange for increased prices so the provider can bury lines, continually upgrade systems etc?
MB, you are raising a very important point. Can I gently nudge you take a look at Megan's paper posted here under working papers?
https://www.meganlangecon.com/research