Moral Hazard, Wildfires, and the Economic Incidence of Natural Disasters

The authors gratefully acknowledge research support from the Stanford Institute for Economic Policy Research (Boomhower), the Stanford Center on Food Security and the Environment (Baylis), and the Giannini Foundation. We are grateful to seminar participants at the NBER Summer Institute, the AERE Summer Conference, the UC Santa Barbara Occasional Workshop, WEAI, ASSA, Arizona State University, University of British Columbia, UC Berkeley, UC San Diego, University of Illinois, Indiana University, Nova School of Business and Economics, University of Ottawa, University of Pennsylvania (Wharton), University of Southern California, Stanford University, and University of Victoria. We also extend our thanks to Laura Bakkensen, Severin Borenstein, Marshall Burke, Richard Carson, Brian Copeland, Marc Conte, Lucas Davis, Joshua Gottlieb, Larry Goulder, Mark Jacobsen, Lee Lockwood, Jim Stock, and Matthew Wibbenmeyer. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.