Title:
The economics of natural hazards
Series:
The international library of critical writings in economics ; 178
Publication Information:
Cheltenham, UK : Edward Elgar Publishing, 2004
Physical Description:
2v.
ISBN:
9781840648157
Available:*
Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
|---|---|---|---|---|---|
Searching... | 30000010160516 | HC79.D45 E26 2004 v.1 | Open Access Book | Great Book | Searching... |
Searching... | 30000010160515 | HC79.D45 E26 2004 v.2 | Open Access Book | Great Book | Searching... |
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Summary
Summary
In this two-volume set the editors have brought together some of the most significant previously published papers by leading academics in this field. The Economics of Natural Hazards investigates the impact of natural disasters on national and regional economies. Volume I considers the effects both of the perception of risk and of direct losses and explores the costs of reducing the impact of disasters by, for example, forecasting, self-protection and the building of physical structures. Volume II deals with mitigating the costs of disaster through insurance, including financial coverage for catastrophic loss, and investigates the development of private-public partnerships for managing disasters and the problems of reconstruction and recovery. A final section addresses the particular problems of disasters in developing countries.
Author Notes
Edited by Howard Kunreuther, Cecilia Yen Koo Professor of Decision Sciences and Co-Director, Wharton School, University of Pennsylvania, US and Adam Rose, University of Southern California, US
Table of Contents
| Acknowledgements | p. ix |
| Introduction | p. xiii |
| Part I Foundations | |
| 1 'Disaster and Recovery: The Black Death in Western Europe', RAND Corporation Memorandum RM-4700-TAB, February, 1-31 (1966) | p. 3 |
| 2 'Optimal Flood Damage Management: Retrospect and Prospect', in Allen V. Kneese and Stephen C. Smith (eds), Water Research, Chapter 12, Washington, DC: Resources for the Future, Inc., 251-69 (1966) | p. 34 |
| 3 'The Perception of Natural Hazards in Resource Management', Natural Resources Journal, 3, January, 412-41 (1964) | p. 53 |
| 4 'Losses from Natural Hazards', Land Economics, 46, 383-93 (1970) | p. 83 |
| Part II Risk Perception and Its Economic Impact | |
| 5 'Perception of Risk', Science, 236 (4799), 17 April, 280-85 (1987) | p. 97 |
| 6 'Defining Risk', Policy Sciences, 17, 123-39 (1984) | p. 103 |
| 7 'A Test of the Expected Utility Model: Evidence from Earthquake Risks', Journal of Political Economy, 93 (2), April, 369-89 (1985) | p. 120 |
| 8 'Earthquake and Volcano Hazard Notices: An Economic Evaluation of Changes in Risk Perceptions', Journal of Environmental Economics and Management, 18 (1), January, 35-49 (1990) | p. 141 |
| Part III Direct Losses and the Distribution of Impacts | |
| 9 'Natural Hazard Exposures, Losses and Mitigation Costs in the United States 1970-2000', Transactions - Wisconsin Academy of Sciences, Arts and Letters, 72, 106-12 (1984) | p. 159 |
| 10 'Modeling the Regional Impact of Natural Disaster and Recovery: A General Framework and an Application to Hurricane Andrew', International Regional Science Review, 17 (2), 121-50 (1994) | p. 166 |
| 11 'Businesses and Disasters: Empirical Patterns and Unanswered Questions', Natural Hazards Review, 1, May, 83-90 (2000) | p. 196 |
| 12 'Lifelines and Livelihood: A Social Accounting Matrix Approach to Calamity Preparedness', Journal of Contingencies and Crisis Management, 3 (4), December, 228-40 (1995) | p. 204 |
| Part IV Regional and Economy-Wide Impacts | |
| 13 'Measuring the Regional Economic Effects of Earthquakes and Earthquake Predictions', Journal of Regional Science, 24 (4), November, 559-79 (1984) | p. 219 |
| 14 'The Regional Economic Impact of an Earthquake: Direct and Indirect Effects of Electricity Lifeline Disruptions', Journal of Regional Science, 37 (3), August, 437-58 (1997) | p. 240 |
| 15 'Integrating Transportation Network and Regional Economic Models to Estimate the Costs of a Large Urban Earthquake', Journal of Regional Science, 41 (1), February, 39-65 (2001) | p. 262 |
| 16 'A General Equilibrium Analysis of Partial-Equilibrium Welfare Measures: The Case of Climate Change', American Economic Review, 77 (3), June, 331-41 (1987) | p. 289 |
| Part V Role of Forecasting in Reducing Disaster Impacts | |
| 17 'A Case Study in the Economics of Information and Coordination: The Weather Forecasting System', Quarterly Journal of Economics, LXXVIII, 420-41 (1964) | p. 303 |
| 18 'A Decision Model for Adjusting to Natural Hazard Events with Application to Urban Snow Storms', Review of Economics and Statistics, 58, 50-58 (1976) | p. 325 |
| 19 'The Decision to Seed Hurricanes', Science, 176 (4040), 16 June, 1191-202 (1972) | p. 334 |
| 20 'Hail Suppression and Society', Science, 200 (4340), 28 April, 387-94 (1978) | p. 346 |
| Part VI Reducing Risks Through Self-Protection | |
| 21 'Market Insurance, Self-Insurance, and Self-Protection', Journal of Political Economy, 80 (4), July/August, 623-48 (1972) | p. 357 |
| 22 'Self-Insurance against Natural Disasters', Journal of Environmental Economics and Management, 16 (3), 209-23 (1989) | p. 383 |
| 23 'Risk, Self-Protection, and Ex Ante Economic Value', Journal of Environmental Economics and Management, 20 (1), January, 1-15 (1991) | p. 398 |
| Part VII Structural Mitigation Measures | |
| 24 'The Economics of Building Codes to Resist Seismic Shock', Public Policy, 29 (1), Winter, 1-29 (1981) | p. 415 |
| 25 'Alternatives for Managing Drought: A Comparative Cost Analysis', Journal of Environmental Economics and Management, 29, 304-20 (1995) | p. 444 |
| 26 'Risk Costs for New Dams: Economic Analysis and Effects of Monitoring', Water Resources Research, 22 (1), January, 5-14 (1986) | p. 461 |
| 27 'Risk Analysis and Management of Dam Safety', Risk Analysis, 18 (4), August 455-62 (1998) | p. 471 |
| Name Index | p. 479 |
| Acknowledgements | p. ix |
| An introduction by the editors to both volumes appears in Volume I | |
| Part I Role of Disaster Insurance | |
| 1 'Insurance, Risk and Resource Allocation', in Essays in the Theory of Risk-Bearing, Chapter 5, Amsterdam and London: North-Holland Publishing Company, 134-43 (1971) | p. 3 |
| 2 'An Economic Approach to Coping with Flood Damage', Water Resources Research, 2 (2), 183-90, reset (1966) | p. 13 |
| 3 'All Risks Rating within a Catastrophe Insurance System', Journal of Risk and Insurance, 43 (4), December, 629-51 (1976) | p. 22 |
| 4 'Mitigating Disaster Losses through Insurance', Journal of Risk and Uncertainty, 12, 171-87 (1996) | p. 45 |
| Part II Financial Coverage Against Catastrophic Losses | |
| 5 'Catastrophe Insurance, Capital Markets, and Uninsurable Risks', Journal of Risk and Insurance, 64 (2), June, 205-30 (1997) | p. 65 |
| 6 'Can Insurers Pay for the "Big One"? Measuring the Capacity of the Insurance Market to Respond to Catastrophic Losses', Journal of Banking and Finance, 26, 557-83 (2002) | p. 91 |
| 7 'The Market for Catastrophe Risk: A Clinical Examination', Journal of Financial Economics, 60, 529-71 (2001) | p. 118 |
| 8 'The Role of Government Contracts in Discretionary Reinsurance Markets for Natural Disasters', Journal of Risk and Insurance, 63 (4), December, 567-97 (1996) | p. 161 |
| 9 'A Role for Capital Markets in Natural Disasters: A Piece of the Food Security Puzzle', Food Policy, 25 (3), June, 365-78 (2000) | p. 192 |
| Part III Developing Private-Public Partnerships for Managing Disasters | |
| 10 'The Economics of Catastrophes', Journal of Risk and Uncertainty, 12 (2/3), 113-40 (1996) | p. 209 |
| 11 'Addressing Public Risks: Federal Earthquake Policy Design', Journal of Policy Analysis and Management, 10 (2), 263-85 (1991) | p. 237 |
| 12 'Mitigation Emerges as Major Strategy for Reducing Losses Caused by Natural Disasters', Science, 284 (5422), 18 June, 1943-7 (1999) | p. 260 |
| 13 'The Complementary Roles of Mitigation and Insurance in Managing Catastrophic Risks', Risk Analysis, 19 (4), August, 727-38 (1999) | p. 265 |
| Part IV Recovery and Reconstruction | |
| 14 'Are There Long-Term Effects of American Natural Disasters? Estimations of Effects of Floods, Hurricanes, and Tornados Occurring 1960 to 1970 on US Counties and Census Tracts in 1970', Mass Emergencies, 3, 117-32, reset (1978) | p. 279 |
| 15 'Disasters and Charity: Some Aspects of Cooperative Economic Behavior', American Economic Review, 62 (4), September, 580-90 (1972) | p. 297 |
| 16 'Economic Lessons of the Kobe Earthquake', Economic Development and Cultural Change, 48 (3), April, 521-42 (2000) | p. 308 |
| Part V Integrated Assessment of Hazards | |
| 17 'Natural Hazard in Human Ecological Perspective: Hypotheses and Models', Economic Geography, 47 (3), July, 438-51 (1971) | p. 333 |
| 'A Model Framework for Integrated Studies of the Climate Problem', Energy Policy, 21 (3), March, 209-21 (1993) | p. 347 |
| 19 'Development of a National Earthquake Loss Estimation Methodology', Earthquake Spectra, 13 (4), November, 643-61 (1997) | p. 360 |
| Part VI Sustainability and Disaster-Resistant Communities | |
| 20 'Summary', in Disasters by Design: A Reassessment of Natural Hazards in the United States, Washington, DC: Joseph Henry Press, 1-15, reference (1999) | p. 381 |
| 21 'Recovery after Disaster: Achieving Sustainable Development, Mitigation and Equity', Disasters, 17 (2), 93-109 (1993) | p. 396 |
| 22 'Unleashing the Power of Planning to Create Disaster-Resistant Communities', American Planning Association Journal, 65 (3), Summer, 247-58 (1999) | p. 413 |
| Part VII Economics of Disasters in Developing Countries | |
| 23 'Population Growth, Urbanization, and Disaster Risk and Vulnerability in Metropolitan Areas: A Conceptual Framework', in Alcira Kreimer and Mohan Munasinghe (eds), World Bank Discussion Papers #168: Environmental Management and Urban Vulnerability, Chapter 2, Washington, DC: World Bank, 51-76 (1992) | p. 427 |
| 24 'Natural Disaster Situations and Growth: A Macroeconomic Model for Sudden Disaster Impacts', World Development, 21 (9), 1417-34 (1993) | p. 453 |
| 25 'Hedging Natural Catastrophe Risk in Developing Countries', Geneva Papers on Risk and Insurance, 26 (3), July, 373-85 (2001) | p. 471 |
| Name Index | p. 485 |
