Coordination Under Uncertain Conditions: An Analysis of the Fukushima Catastrophe

Masahiko Aoki and Geoffrey Rothwell

No 316, ADBI Working Papers from Asian Development Bank Institute

Abstract: This paper analyzes the impacts of the 11 March 2011 earthquake and tsunami at the Fukushima nuclear power plant in Japan, which were amplified by a failure of coordination across the plant, corporate, industrial, and regulatory levels, resulting in a nuclear catastrophe, comparable in cost to Chernobyl. It derives generic lessons for industrial structure and regulatory frame of the electric power industry by identifying the two shortcomings of a horizontal coordination mechanism: instability under large shock and the lack of “defense in depth.”

Keywords: fukushima catastrophe; nuclear power; earthquake and tsunami (search for similar items in EconPapers)
JEL-codes: L22 L43 L94 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2011-10-28
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Working Paper: Coordination Under Uncertain Conditions: An Analysis of the Fukushima Catastrophe (2011)
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