Economic Principles, Issues, and Research Priorities in Hazard Loss Estimation

Adam Rose ()
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Adam Rose: The Pennsylvania State University

Chapter 2 in Modeling Spatial and Economic Impacts of Disasters, 2004, pp 13-36 from Springer

Abstract: Abstract The quantification of economic losses from natural and manmade hazards is necessary to gauge individual and community vulnerability, evaluate the worthiness of mitigation, determine the appropriate level of disaster assistance, improve recovery decisions, and inform insurers of their potential liability. Several notable studies dealing with hazard loss estimation have recently been undertaken. These include chapters in surveys by the National Research Council (NRC, 1999; Mileti, 1999) and Heinz Center (2000), as well as various case studies (see, e.g., Cole, 1995; Tierney, 1997; Shinozuka et al., 1998; Gordon et al., 1998; Chang et al., 2001).

Keywords: Natural Hazard; Computable General Equilibrium; Loss Estimation; Economic Principle; Federal Emergency Management Agency (search for similar items in EconPapers)
Date: 2004
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DOI: 10.1007/978-3-540-24787-6_2

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