Windstorm Price Effects on Construction Materials
Simmons Kevin M. ()
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Simmons Kevin M.: Department of Economics and Business Adminstration, Austin College, 900 N. Grand Suite 61591, Sherman, TX 75090, USA
Journal of Business Valuation and Economic Loss Analysis, 2016, vol. 11, issue 1, 31-36
Abstract:
Windstorms can leave massive damage as they march across a helpless region. As population increases in areas prone to windstorms, damage only escalates. Most economic impacts are local but some storms are large enough to create ripple effects felt thousands of miles away. This paper examines one such storm, Hurricane Andrew, and the effect it had on a common construction material, plywood. It finds that the national price of plywood increased sharply after Andrew with no explanation other than the hurricane itself.
Keywords: market; price; effect (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:jbvela:v:11:y:2016:i:1:p:31-36:n:3
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DOI: 10.1515/jbvela-2015-0010
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