Judson Boomhower
Faculty Research Fellow
University of California, San Diego
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As climate risk escalates, property insurance is critical to reduce the risk exposure of households and firms and to aid recovery when disasters strike. To perform these functions efficiently, insurers need to access high quality information about disaster risk and set prices that accurately reflect...
March 1, 2022 - Article
California homes built after 2008 and subject to statewide wildfire building codes are 40 percent less likely to be destroyed if a wildfire strikes than homes built in 1990. W ildfires have ravaged California in recent decades, often destroying homes and displacing residents. Building codes that...
Despite escalating disaster losses and predicted increases in weather-related catastrophes, takeup of protective technologies and behaviors appears limited by myopia, externalities, and other factors. One response to such frictions is to mandate adaptive investment. We measure the effect of...
Author(s) - Judson Boomhower
The electoral salience of some issues may diminish when one politician has authority over many policy areas. This study measures the role of environmental regulation in concurrent elections for governors and specialized energy regulators in two U.S. states. I first show that while both offices can...
March 1, 2020 - Article
Fire protection costs paid for by the federal government are not considered by prospective homeowners and local authorities when making development decisions. A nnual wildland firefighting costs for the US federal government have more than doubled in real terms over the past 30 years and are...
This study measures the degree to which large public expenditures on wildfire protection subsidize development in harm's way. Using administrative firefighting data, we calculate geographically-differentiated implicit subsidies to homeowners throughout the western USA. We first examine how the...
Electricity cannot be cost-effectively stored even for short periods of time. Consequently, wholesale electricity prices vary widely across hours of the day with peak prices frequently exceeding off-peak prices by a factor of ten or more. Most analyses of energy-efficiency policies ignore this...
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