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Economic assessment of mitigating damage of flood events : cost-benefit analysis of flood-proofing commercial buildings in Umbria, Italy

Recurso electrónico / Electronic resource
Registro MARC
Tag12Valor
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24500‎$a‎Economic assessment of mitigating damage of flood events‎$b‎: cost-benefit analysis of flood-proofing commercial buildings in Umbria, Italy‎$c‎W. J. Wouter Botzen... [et al.]
520  ‎$a‎Floods are among the costliest natural disasters worldwide. Integrated flood risk management approaches involving both public and private measures have been proposed to cope with trends in flood risk. These approaches are hampered by a lack of information about the cost-effectiveness of private flood damage mitigation measures. This study examines the economic desirability of flood-proofing different types of commercial buildings in Umbria, which is a flood-prone region in Europe. A costbenefit analysis (CBA) is applied, which uses empirical information on flood damages to a variety of commercial activities. The CBA accounts for a diversity of uncertainties, including those of flood damage statistics and related flood-proofing benefits derived from bootstrap methods. Results show that, on average, dry flood-proofing is economically attractive for certain categories of commercial buildings. The flood probability and uncertainty of damage are key factors driving CBA results. Implications of our findings for policymakers and insurers are discussed.
650 4‎$0‎MAPA20080597146‎$a‎Influencia climática
650 4‎$0‎MAPA20080591182‎$a‎Gerencia de riesgos
650 4‎$0‎MAPA20080603038‎$a‎Prevención de riesgos
650 4‎$0‎MAPA20080613099‎$a‎Análisis costo-beneficio
650 4‎$0‎MAPA20130013787‎$a‎Mitigación de desastres
650 4‎$0‎MAPA20080562922‎$a‎Inundaciones
651 1‎$0‎MAPA20080637767‎$a‎Italia
7730 ‎$w‎MAP20077100215‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-‎$x‎1018-5895‎$g‎02/10/2017 Volumen 42 Número 4 - octubre 2017 , p. 585-608