Economic valuation of flood risk exposure and reduction in a severely flood prone developing country

  title={Economic valuation of flood risk exposure and reduction in a severely flood prone developing country},
  author={Roy Brouwer and Sonia Akter and Luke M. Brander and Enamul Haque},
  journal={Environment and Development Economics},
  pages={397 - 417}
ABSTRACT This paper presents the results of a dichotomous choice contingent valuation (CV) study of reduced flood risks in Bangladesh. Sensitivity of willingness to pay (WTP) to varying risk exposure levels is tested in a ‘natural experiment’, targeting floodplain residents facing regular annual flooding and a disaster flood once every five to ten years. Accounting for price, income and education levels, both subjective risk aversion and objective baseline risk exposure affect stated WTP for a… 
Valuing Flood Risk Reductions
A choice experiment is used to estimate how Vietnamese households value a flood risk reduction. The empirical analysis is conducted on a sample of households located in the Nghe An Province, one of
Flood risk management under climate change: a hydro-economic perspective
Most developing countries, like Nepal, are expected to experience the greatest impact of climate change (CC) sooner and on a greater magnitude than other developed countries. Increase in the
Introducing a Micro-Flood Insurance Market in Bangladesh: Institutional Design and Commer- cial Viability
The main objectives of this paper are to design and test the commercial viability of the introduction of different flood insurance schemes in Bangladesh, one of the poorest and most flood struck
Informing micro insurance contract design to mitigate climate change catastrophe risks using choice experiments
The main objective of this paper is to assess demand for catastrophe insurance in one of the most flood-prone developing countries in the world and to estimate rural household willingness-to-pay for
Risk attitudes to low-probability climate change risks: WTP for flood insurance
Natural disasters may increase in frequency and severity in the future as a result of climate change, which is likely to have an impact on the demand for natural disaster insurance. Insights about
Estimating the welfare loss to households from natural disasters in developing countries: a contingent valuation study of flooding in Vietnam
The CV approach of WTC labour instead of money is promising in terms of capturing the total welfare loss of natural disasters to households, and promising in Terms of further application in other developing countries and for other types ofnatural disasters.
Demand assessment and test of commercial viability of crop insurance in Bangladesh
The aims of the study presented in this paper are to assess the demand for and test the commercial viability of a crop insurance scheme in different natural disaster-prone areas in Bangladesh, as an
Modeling demand for catastrophic flood risk insurance in coastal zones in Vietnam using choice experiments
Abstract In a choice experiment, households in Vietnam are offered flood insurance to mitigate increasing catastrophic flood risks due to climate change. Participants are asked to choose their most
Willingness to pay for protection from storm surge damages under climate change in Halifax Regional Municipality.
Residents of Halifax Regional Municipality's willingness to pay (WTP) for protection from flooding impacts from storm surge is estimated using the contingent valuation method and payment card format to understand individuals' perception of risk and WTP to avoid damage.


River flooding and housing values - an economic assessment of environmental risk
The purpose of this article is to explore the determinants of the implicit price of the risk of flooding. We carry out a meta-analysis on estimates resulting from the application of hedonic price
Socioeconomic vulnerability and adaptation to environmental risk: a case study of climate change and flooding in Bangladesh.
It is somewhat paradoxically that the people that face the highest risk of flooding are the least well prepared, both in terms of household- level ex ante preparedness and community-level ex post flood relief.
Floodplain Residents' Preferences for Water Level Management Options in Flood Control Projects in Bangladesh
A maximum difference conjoint (MDC) model was part of a questionnaire toassess floodplain residents' preferences for the outcomes of water level managementinside an enclosed embankment system on the
Flood Hazard Pricing and Insurance Premium Differentials: Evidence From the Housing Market
In this article, a model is developed of the rational consumer's willingness to pay for a marginal reduction in the probability of an undesirable state (flooding) occurring in the residential
Is there a commercially viable market for crop insurance in rural Bangladesh?
The study aims to assess the commercial viability of a potential crop insurance market in Bangladesh. In a large scale household survey, agricultural farm households were asked for their preferences
Temporal stability and transferability of models of willingness to pay for flood control and wetland conservation.
[1] This study investigates the temporal stability and transferability of dichotomous choice willingness to pay responses and their determinants from two large-scale contingent valuation surveys in
Administering contingent valuation surveys in developing countries
Abstract Ten years ago only a handful of very rudimentary contingent valuation (CV) studies had been conducted in developing countries; at that time the problems associated with posing hypothetical
Flood problems in Bangladesh: Is there an indigenous solution?
Bangladesh, situated on the delta of the Ganges, the Brahmaputra, and the Meghna rivers, experiences two distinct types of inundations: (a) river floods resulting from excessive runoff contributed by
Buying Insurance for Disaster-Type Risks: Experimental Evidence
This paper presents a series of experiments that confront subjects with low probability, high loss situations. A rich parameter set is examined and we find subjects respond to low probability, high