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Benefit Analysis for Natural Hazards
Author(s) -
Smith V. Kerry
Publication year - 1986
Publication title -
risk analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.972
H-Index - 130
eISSN - 1539-6924
pISSN - 0272-4332
DOI - 10.1111/j.1539-6924.1986.tb00225.x
Subject(s) - ex ante , risk analysis (engineering) , natural hazard , valuation (finance) , hazard , actuarial science , economics , computer science , business , geography , finance , chemistry , organic chemistry , meteorology , macroeconomics
The objective of this paper is to develop the ex ante perspective for benefit analysis with natural hazards. It defines an ex ante evaluation of the economic benefits that arise from policies designed to reduce either the risk of or the detrimental effects associated with a natural hazard. In the process the paper compares the ex ante and ex post perspectives and discusses the prospects for implementing the framework by measuring the valuation concepts that are developed.