Framework for economic cost assessment of land subsidence

S. Kok () and A. L. Costa
Additional contact information
S. Kok: Deltares
A. L. Costa: Deltares

Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, 2021, vol. 106, issue 3, No 10, 1949 pages

Abstract: Abstract Land subsidence is increasingly recognised as a complex and costly challenge, especially in urban subsidence-prone areas. Often caused by overextraction of groundwater in order to meet increasing drinking and irrigation water demand, the expected damage from subsidence across the globe runs in the billions of dollars annually. Economic cost assessment can support the development of policies for dealing with subsidence, e.g. in problem analysis and evaluation of strategies. However, research on economic cost assessment of subsidence is limited and a standardized framework is lacking: this is an important basis for sound, comparable and consistent decision making and knowledge transfer across studies. Results from a review of existing literature indicate that that there is a (i) high variability in the literature in terms of subsidence characteristics and geographical origin, (ii) variation in addressed effects and applied economic assessment approaches and (iii) lack of a standardized assessment framework. This complicates comparison and value transfer of results across settings. In this context, we propose a standardized framework for economic cost assessment of land subsidence along the lines of direct and indirect, market and non-market effects

Keywords: Economic assessment; Cost assessment; Subsidence (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11069-021-04520-3 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:nathaz:v:106:y:2021:i:3:d:10.1007_s11069-021-04520-3

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11069

DOI: 10.1007/s11069-021-04520-3

Access Statistics for this article

Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards is currently edited by Thomas Glade, Tad S. Murty and Vladimír Schenk

More articles in Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards from Springer, International Society for the Prevention and Mitigation of Natural Hazards
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().