Integrated Assessment of Natural Hazards and Climate-Change Adaptation: II. The SERRA Methodology

Vahid Mojtahed (), Carlo Giupponi (), Claudio Biscaro (), Animesh Gain and Stefano Balbi ()
Additional contact information
Animesh Gain: Department of Economics, University Of Venice C� Foscari

No 2013:07, Working Papers from Department of Economics, University of Venice "Ca' Foscari"

Abstract: We propose an integrated methodology to evaluate the four possible socio-economic costs namely direct/indirect and tangible/intangible costs due to adverse consequences of flood. Although SERRA is based on full monetization of costs and benefits of risk, it can allow for other methods of economic appraisal such as cost-effectiveness when controversial or unethical. By considering social aspect of vulnerability, meaning adaptive and coping capacities of the affected society, we arrive at a more accurate estimation of risk. This further allows us to evaluate the set of risk reduction measures with a focus on non-structural ones, which consequently helps the decision-maker to select the optimal measure given her constraints. Our methodology attempts to be comprehensive with respect to the set of receptors that is an enhancement compared to Regional Risk Assessment that is the mainstream method in the literature.

Keywords: Adaptive/coping capacities; Indirect costs; Intangible costs; Vulnerability; Total Cost Matrix (search for similar items in EconPapers)
JEL-codes: D81 Q51 Q54 (search for similar items in EconPapers)
Pages: 35
Date: 2013
New Economics Papers: this item is included in nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.unive.it/web/fileadmin/user_upload/dip ... gain_balbi_07_13.pdf First version, 2013 (application/pdf)

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:ven:wpaper:2013:07

Access Statistics for this paper

More papers in Working Papers from Department of Economics, University of Venice "Ca' Foscari" Contact information at EDIRC.
Bibliographic data for series maintained by Sassano Sonia ().