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The Economic Effects of Floods. Investigations of a Stochastic Model of Rational Investment Behavior in the Face of Floods.
John P. Brown
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Description for The Economic Effects of Floods. Investigations of a Stochastic Model of Rational Investment Behavior in the Face of Floods.
Paperback. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 96 pages, biography. Category: (P) Professional & Vocational. Dimension: 254 x 178 x 5. Weight in Grams: 200.
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 the methods of dynamic programming, and in particular, we show how that choice is dependent on the probability of floods for his piece of land. The theory we have developed here has been developed in the context of floods. In fact, this work grew out of an ... Read more
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 the methods of dynamic programming, and in particular, we show how that choice is dependent on the probability of floods for his piece of land. The theory we have developed here has been developed in the context of floods. In fact, this work grew out of an ... Read more
Product Details
Format
Paperback
Publication date
1972
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
96
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
90
Place of Publication
Berlin, Germany
ISBN
9783540059257
SKU
V9783540059257
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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