Seminari
22 novembre 2011

Estimation of Perceived Flood Damage in Tokyo Metropolitan Area


Dove: Venice
Sede:

Fondazione Eni Enrico Mattei
Isola di San Giorgio Maggiore
30124 Venice

***
Video-conference
at FEEM Milan

Come raggiungere: Mappa di Google
Orario dell'evento:


h. 12.00 Seminar
h. 13:00 Light Lunch

Informazione:

Seminars Office, seminars@feem.it

Speakers:

Azusa Okagawa, National Institute for Environmental Studies, Japan

Abstract

Co-Author: Akira HIBIKI, National Institute for Environmental Studies

Future climate change is likely to bring increased frequency of natural disaster including flooding events. Thus, much attention has been paid to adaptation policy against flooding. From the cost benefit analysis on adaptation policy, effective policy, estimation of the benefit of reduction in the flood damage is important. However, previous studies suffer from the concern on the omitted variable bias in estimating flood damage. In this paper, we estimate Hedonic land price model by employing two step procedures to correct the bias on flood hazard and we find that the previous studies are likely to underestimate the perceived flood damage. In addition, the flood risk is estimated to lower the land price by 14.5% which reduces 169,438 yen/m2 (approximately 1,540 Euro) on average and the perceived flood damage is estimated to be 1,410,000 yen/m2 (approximately 1,218 Euro/m2). This estimate is fairly larger than the estimate by Tokyo metropolitan government, which indicates that the indirect damage cost is likely to be much higher than the direct damage cost (cost estimation based on the physical damage).

Download file
Scarica il file PDF
Download file
Scarica il file PDF
Estimation of Perceived Flood Damage in Tokyo Metropolitan Area

FEEM Update

Iscriviti per rimanere aggiornato.

I Suoi dati saranno trattati dalla Fondazione Eni Enrico Mattei. – Titolare del trattamento – per ricevere via posta elettronica la newsletter della Fondazione. Il conferimento dell’indirizzo e-mail è necessario alla fornitura del servizio. La invitiamo a consultare la Privacy Policy per ottenere maggiori informazioni a tutela dei Suoi diritti.

Questo Sito utilizza cookie tecnici e analytics, nonché consente l’invio di cookie di profilazione di terze parti.
Chiudendo questo banner o comunque proseguendo la navigazione sul Sito manifesti il tuo consenso all’uso dei cookie. Per ulteriori informazioni e per esprimere scelte selettive in ordine all’uso dei cookie vedi la   Cookie PolicyOk