Evaluation of the Financial Impact of Flood Management on Residential Losses

Camilo Sarmiento and Ted E. Miller

No 19185, 2005 Annual meeting, July 24-27, Providence, RI from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The purpose of this paper is to examine the impacts that the National Flood Insurance Program (NFIP) has had on the costs of flooding and on their distribution among payers. This study thus probes the NFIP's financial impact, the centerpiece question about program effectiveness. For the analysis, this paper models the institutional and economic framework of flood relief compensation into the HAZUS-flood model, and calculates the NFIP impact on the distribution of payers for flood losses in special flood hazard areas.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 15
Date: 2005
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea05:19185

DOI: 10.22004/ag.econ.19185

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