June 11 2015

FEEM Re3: "Improvements in Flood Risk Assessment: Evidence from Northern Italy"

The assessment of potential economic damage caused by floods is commonly done via methodologies based on Stage-Damage Curves (SDC), which provide a relation between the depth of water and the economic damage on a specific land use. In Italy no specific damage functions have been developed so far, despite damage reports being collected after every major flood. Here, FEEM researchers Mattia Amadio, Jaroslav Mysiak, Lorenzo Carrera and Elco Koks, Institute for Environmental Studies (IVM), test a refined SDC model against empirical data from a flood event in Northern Italy.

Review of Environment, Energy and Economics - Re3

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