The Economic Effects of Floods Investigations of a Stochastic Model of Rational Investment Behavior in the Face of Floods / by J. P. Brown.
There is by now a large literature on the economic aspects of flood control and flood relief policies. The contribution of this paper lies in its careful scrutiny of one single critical aspect of the economics of floods, the choice of land use by a single land owner. We analyze that choice using th...
Full description
Saved in: