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

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Modeling Spatial and Economic Impacts of Disasters

Part of the book series: Advances in Spatial Science ((ADVSPATIAL))

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).

The author is grateful to the editors and to an anonymous reviewer for helpful suggestions for improving the chapter. However, the author is solely responsible for any remaining errors and omissions. Also, the opinions presented are solely those of the author and do not necessarily represent those of the institution with which he is affiliated.

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  1. Department of Geography and Natural Hazards Research Center, The Pennsylvania State University, USA

    Adam Rose

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  1. Regional Research Institute, West Virginia University, 511 North High Street, Morgantown, WV, 26506-6825, USA

    Yasuhide Okuyama

  2. School of Community and Regional Planning, University of British Columbia, #433-6333 Memorial Road, Vancouver, BC, V6T 1Z2, Canada

    Stephanie E. Chang

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Rose, A. (2004). Economic Principles, Issues, and Research Priorities in Hazard Loss Estimation. In: Okuyama, Y., Chang, S.E. (eds) Modeling Spatial and Economic Impacts of Disasters. Advances in Spatial Science. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-24787-6_2

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