Disasters with Unobservable Duration and Frequency: Intensified Responses and Diminished Preparedness
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https://www.nber.org/papers/w31067
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资源简介：
We study an economy subject to recurrent disasters when the frequency and duration of the disasters are unobservable parameters. Imprecise information about transition intensities increases the probability of the current state effectively lasting forever. In a disaster, uncertainty about duration
提供机构：
美国国家经济研究局
创建时间：
2023-04-01
