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

In: Modeling Spatial and Economic Impacts of Disasters

Author

Listed:
  • Adam Rose

    (The Pennsylvania State University)

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).

Suggested Citation

  • Adam Rose, 2004. "Economic Principles, Issues, and Research Priorities in Hazard Loss Estimation," Advances in Spatial Science, in: Yasuhide Okuyama & Stephanie E. Chang (ed.), Modeling Spatial and Economic Impacts of Disasters, chapter 2, pages 13-36, Springer.
    • Handle: RePEc:spr:adspcp:978-3-540-24787-6_2
    DOI: 10.1007/978-3-540-24787-6_2
    as

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