2006
DOI: 10.1007/s11166-006-0174-9
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Planning for natural disasters in a stochastic world

Abstract: We examine the risks and management of natural disasters. A benefit-cost framework focuses attention on (1) designing control structures, such as dams and levees, and mitigation policies, such as construction standards, to protect lives and property against small and medium, rather than large sized natural disasters; and (2) warning and evacuation to save lives for large natural disasters. Providing information rather than command solutions generally enhances social benefits, if people understand the risks and… Show more

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Cited by 11 publications
(8 citation statements)
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References 19 publications
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“…Lave et al (1990) uses explicit cost-benefit analyses to show that the responsive option of evacuation allows preserving peoples' lives at much lower costs. Nevertheless, in a later study (Lave and Apt 2006) it is argued that authorities might be reluctant to actually order an evacuation when warranted due to the uncertainty, lack of experience, and fear of financial liability involved in the process of evacuation.…”
Section: Introductionmentioning
confidence: 98%
“…Lave et al (1990) uses explicit cost-benefit analyses to show that the responsive option of evacuation allows preserving peoples' lives at much lower costs. Nevertheless, in a later study (Lave and Apt 2006) it is argued that authorities might be reluctant to actually order an evacuation when warranted due to the uncertainty, lack of experience, and fear of financial liability involved in the process of evacuation.…”
Section: Introductionmentioning
confidence: 98%
“…The literature suggests that the construction of dams, seawalls, and levees lowers one's risk perception and may increase risk exposure if individuals feel secure in areas protected by such structures. (10)(11)(12)(13)(14) In addition, public disaster aid may crowd out private investment in self-protection actions against flood hazards. (15)(16)(17)(18) However, the public policies that focus on land-use planning, development regulation, and public awareness of local flood hazards can reduce vulnerability and mitigate negative consequences.…”
Section: Introductionmentioning
confidence: 99%
“…Short-term political and economic interests often provide strong incentives to engage in activities that greatly increase vulnerability to future storms (Bagstadt et al 2007;Lave and Apt 2006). In many parts of the developed world, there may also be overconfidence in the ability of forecasters to accurately predict future storms and their tracks, allowing sufficient lead time to take action to protect lives, if not all property.…”
Section: What Does All This Mean For Decision Makers?mentioning
confidence: 99%