Economics Events, Seminars and Brown Bag Talks
John Lopresti, William & Mary University. Williamsburg, Virginia
Microeconomics Seminar
When: September 20, 2024, 3:30 p.m. MDT
Where: Tory Building 8-22
Title: Trade Shocks: The Next Generation
Chetan Dave, Department of Economics, University of Alberta
Brown Bag Seminar
When: October 2, 2024, 3:30 p.m. MDT
Where: Tory Building 8-22
Title: Prior Updated: The Role of Prior Confidence in Updating
Kyle Phong, PhD Candidate, Department of Economics, University of Alberta
Brown Bag Seminar
When: October 9, 2024, 3:30 p.m. MDT
Where: Tory Building 8-22
Title: Labour Market Concentration in Canada
Arnaud Dellis, Universite du Quebec a Montreal, Montreal, Quebec
Microeconomics Seminar
When: October 25, 2024, 3:30 p.m. MDT
Where: Tory Building 8-22
Title: How Do People Vote Under Instant Runoff Voting? An Experiment on Complexity and Voting Behavior
Nurlan Turdaliev, University of Windsor
Macroeconomics Seminar
When: November 1, 2024, 3:30 p.m. MST
Where: Tory Building 8-22
Title: Bank Runs and Privately Funded Solutions
Liyuan Xuan, UAlberta PhD Candidate
Job Market Presentation
When: November 6, 2024, 3:30 p.m. MST
Where: Tory Building 8-22
Title: Air Pollution, Worker Productivity, and Adaptation: Evidence from Canadian Tree Planters
Brendon Andrews, Department of Economics, University of Alberta
Brown Bag Seminar
When: December 4, 2024, 3:30 p.m. MST
Where: Tory Building 8-22
Title: Physician Preferences for Consultation Restrictions in the Late 19th Century
Madeline Turland, University of Alberta
Microeconomics Seminar
When: December 13, 2024, 3:30 p.m. MST
Where: Tory Building 8-22
Title: Climate Change and the Regulation of a Crashing Insurance Market
Abstract
In this paper, we examine how regulation and market structure can lead to market unraveling when firms face rapidly increasing risk due to climate change. We first present a simple model of an adversely selected disaster insurance market to investigate how price regulation and increasing climate costs impact private markets in the presence of an insurer of last resort. We then empirically study the California non-renewal moratoriums, a first-of-its-kind regulation aimed at stymieing the retreat of insurance companies from high wildfire risk areas by forcing insurers to supply insurance to current customers following disasters in 2019 and 2020. Using quasi-random geographic variation in regulatory borders and a difference-in-differences identification strategy, we find that the moratoriums successfully reduced company-initiated non-renewals in the short run. However, the effects only lasted for one year, with insurers dropping policies as soon as the moratorium lapsed. Additionally, the moratoriums had no discernible effect on participation in the State's insurer of last resort.
Short Bio:
Madeline Turland is an Assistant Professor in the Department of Resource Economics and Environmental Sociology at the University of Alberta. Her research studies natural disaster insurance markets, adaptation to natural disasters, and water resource management. She received a BA from the FARE Department at the University of Guelph in 2016, an MSc. From the University of Saskatchewan in 2018 and a PhD in Agricultural and Resource Economics from UC Davis in 2024.
Xiao Lu , PhD Student, Department of Economics, University of Alberta
Brown Bag Seminar
When: February 5, 2025, 3:30 p.m. MST
Where: Tory Building 8-22
Title: Forecasting G10 Currencies Using Financial Condition Indices
Click here for events by Economists on campus.
Please see Past Seminars for 2023-24 talks and workshops.