A remarkable combination of case studies, data on many scales, and application of economic principles.... [this report] provides a deep understanding of the relative roles of the market, government intervention, and social institutions in determining and improving both the prevention and the response to hazardous occurrences." -Kenneth J. Arrow, Nobel Prize in Economics, 1972 "I strongly recommend this book to non-economists as well as economists, and to government officials who must cope with floods, oil spills, earthquakes, and other disasters." -Gary S. Becker, Nobel Prize in Economics, 1992 "Fascinating and right on target.... You are doing very important work." -Elinor Ostrom, Nobel Prize in Economics, 2009

