Jones Act Protectionism Hinders Puerto Rican Recovery Efforts

By Giovanna da Silva On September 16, Category 5 Hurricane Maria made landfall on Puerto Rico with sustained winds of 155 miles per hour. Maria set the record as the strongest hurricane to hit the island in 89 years. With millions of displaced Puerto Ricans desperately in need of basic essentials, such as oil, food, … Continue reading Jones Act Protectionism Hinders Puerto Rican Recovery Efforts

Hurricane Response Efforts are Most Effective When Decentralized

By Chad Thomas According to the Federal Emergency Management Agency (FEMA), emergency responses to hurricanes aim to prevent further loss of life and  property damage. Effective emergency responses utilize local information and enable decentralized responses from within the disaster zone. Local information about necessary relief in affected areas aids response efforts. A decentralized response enables … Continue reading Hurricane Response Efforts are Most Effective When Decentralized

Challenges to Privatizing Flood Insurance

Giovanna Dasilva The National Flood Insurance Program (NFIP), implemented in 1968 to address a market failure in the flood insurance sector, has been the subject of scrutiny following hurricanes Harvey and Irma. Increasing the scope of the private sector has often been cited as a potential solution to the NFIP’s pitfalls. However, there are challenges … Continue reading Challenges to Privatizing Flood Insurance

Anti-Price Gouging laws Hamper Storm Recovery

By Chad Thomas Prices can tell us a lot. They communicate information about the value of resources in an economy and coordinate action among a myriad of buyers and sellers, many of whom have never met. The price system often comes into question in the aftermath of a natural disaster like Hurricanes Hermine and Matthew, as … Continue reading Anti-Price Gouging laws Hamper Storm Recovery