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The Economic Impacts of Natural Disasters$
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Debarati Guha-Sapir and Indhira Santos

Print publication date: 2013

Print ISBN-13: 9780199841936

Published to Oxford Scholarship Online: September 2013

DOI: 10.1093/acprof:oso/9780199841936.001.0001

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Valuing the Impacts of Natural Disasters and the Economic Benefits of Preventing Them

Valuing the Impacts of Natural Disasters and the Economic Benefits of Preventing Them

Methods and Applications

Chapter:
(p.57) 3 Valuing the Impacts of Natural Disasters and the Economic Benefits of Preventing Them
Source:
The Economic Impacts of Natural Disasters
Author(s):

Ståle Navrud

Kristin Magnussen

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199841936.003.0004

While damage to public goods could make up a large part of the overall economic damage caused by natural disasters, few studies of their economic value exist. This is due to their non-market nature and lack of market prices, which make assessments of their economic values difficult. Therefore, this chapters aims at describing both market and non-market valuation methods that can be used to value the impacts of natural disasters; and especially how they can be adapted in order to estimate the social benefits arising from the prevention of damage from natural disasters in developing countries

Keywords:   Damage costs, natural disasters, nonmarket valuation, contingent valuation, value transfer

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