Prévention des catastrophes naturelles: viser le long terme sans attendre

Celine Grislain-Letremy and Bertrand Villeneuve

Revue d'économie financière, 2015, vol. N° 117, issue 1, 127-136

Abstract: Urbanization in areas prone to natural hazards is massive and will grow. Economic analysis offers several tools to contain this phenomenon: insurance pricing in relation to risk, and zoning and building standards in exposed areas. Both approaches are theoretically equivalent, but their applications pose different challenges, and financial incentives were exaggeratedly reduced in France. In both cases, a more rigorous policy will meet opposition, because it will affect more specifically certain places. We discuss the difficult management of the past, and we explain why the grandfather rights or expropriation can not be considered sustainable responses. Classification JEL: H23, G22, R52, Q54.

JEL-codes: G22 H23 Q54 R52 (search for similar items in EconPapers)
Date: 2015
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