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They therefore conclude that estimates of damages based on the hypothesis and on share-price movements will be overstated.
Current estimates of damages exceed $1M USD.
The storm took 55 lives in the U.S., and initial estimates of damages and losses run in the range of $30 to $50 billion.
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Estimates of damage ran as high as $8 billion.
Nordhaus has similarly noted, "In reality, estimates of damage functions are virtually non-existent for temperature increases above 3°C".
"I do not agree with the commission's estimates of damage and destruction; $100 million is too much," Governor Wesa said.
The estimates of damage and cleanup costs, as well as lost revenue, have ranged from $40 billion at the city level, to $50 billion between the city and the state.
Estimates of damage to private property from residents of the four counties total $55 million, but FEMA said that damage to public property and infrastructure reported by the state was$12.7 million, well below the agency's $22 million threshold for getting aid.
Putting it all together, it's a good guess that those estimates of damage from political hostage-taking understate the true harm done.
In the newest estimates of damage, the Federation of Indian Chambers of Commerce and the industry secretary, Gen. Amit Mitra, said losses might be as high as $5.5 billion, and added that production losses were running $110 million a day.
Are we talking about the Internet, referred to by so many other experts as a famously vulnerable, fragile network that can be brought to its knees by college students in the Philippines or a teenager in Canada, with estimates of damage in the billions of dollars?
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CEO of Professional Science Editing for Scientists @ prosciediting.com