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" The Economic Effects of Floods : "
by John P. Brown.
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BL
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| Record Number
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714260
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b536410
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| Main Entry
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by John P. Brown.
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| Title & Author
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The Economic Effects of Floods : : Investigations of a Stochastic Model of Rational Investment Behavior in the Face of Floods\ by John P. Brown.
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| Publication Statement
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Berlin, Heidelberg: Springer Berlin Heidelberg, 1972
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| Series Statement
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Lecture Notes in Economics and Mathematical Systems, Operations Research, Computer Science, Social Science, 70.
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| ISBN
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3540059253
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: 3642806996
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: 9783540059257
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: 9783642806995
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| Contents
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1. Introduction --;Outline of the Study --;2. Background and Assumptions --;The Landowner or Investor --;The Description of Available Activities --;The Choice of Replacement Date --;The Effect of Floods --;The Probability of Floods --;3. The Choice of the Optimal Activity --;4. The Optimal Replacement Policy --;5. When Flood Probabilities are Unknown: The Bayesian Approach --;Incomplete Information about µ --;The Description of Beliefs and of Learning --;The Simple Case: Investment Contracts can only be Made After Floods --;An Intermediate Case --;The Case where Replacement is Possible at any Time --;6. Flood Control and Relief Measures: An Elementary View --;The Definition of Flood Damage --;Dams, Levees, and Other Flood Protection Works --;Flood Insurance --;Flood Relief --;Flood Plain Zoning --;7. Computer Simulation of Investment Behavior in a Flood Plain --;Appendix FORTRAN Computer Program.
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| Abstract
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There is by now a large literature on the economic aspects of flood control and flood relief policies. This is the case in flood plains, but it is also the appropriate basic theory for understanding investment decisions in the face of earthquakes, fires, war damage, avalanches, and other kinds of disasters.
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| Subject
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Economics.
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| Added Entry
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John P Brown
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