| Abstract: | The Federal Government in the past has provided medical and economic aid to victims of earthquakes and floods. However, regulating the use of hazard-prone areas would probably be more efficient. One method of land use regulation is through the national flood and earthquake insurance program. Because insurance firms base their premium rates on available information, the benefits from additional data used to improve parameter estimates of the probability distribution (governing actual disaster events) can be computed by computing changes in the premiums as a function of additional data. An insurance firm is assumed to set rates so as to trade off penalties of overestimationg and underestimation of expected data. A Bayesian preposterior analysis is applied to determine the worth of additional data, as measured by changes in consumers‘ surplus, by examining the effects of changes in premiums as a function of a longer hydrologic record. -Authors |
| Genre: | Article |
| ProdID: | 70012527 |
| Citation Author: | Attanasi, E. D.; Karlinger, M. R. |
| Citation Contributing Office: | |
| Citation Datum: | |
| Citation Day: | |
| Citation Edition: | |
| Citation Editor: | |
| Citation End Page: | 1766 |
| Citation Issue: | 6 |
| Citation Keywords: | |
| Citation Language: | English |
| Citation Larger Work Title: | Water Resources Research |
| Citation LatN: | |
| Citation LatS: | |
| Citation LonE: | |
| Citation LonW: | |
| Citation Month: | |
| Citation No Pagination: | |
| Citation Number Of Pages: | 4 |
| Citation Online Only Flag: | |
| Citation Phsyical Description: | |
| Citation Projection: | |
| Citation Public Comments: | |
| Citation Publisher: | |
| Citation Series: | |
| Citation Series Code: | |
| Citation Series Number: | |
| Citation Search Results Text: | Worth of data and natural disaster insurance.; 1979; Article; Journal; Water Resources Research; Attanasi, E. D.; Karlinger, M. R. |
| Citation Start Page: | 1763 |
| Citation Volume: | 15 |
| Citation Year: | 1979 |
| Type: | citation/reference |
| Text: | Worth of data and natural disaster insurance.; 1979; Article; Journal; Water Resources Research; Attanasi, E. D.; Karlinger, M. R. |
| URL (THUMBNAIL): | http://pubs.er.usgs.gov/thumbnails/outside_thumb.jpg |
| Date Other: | Mon, 1 Jan 1979 00:00 -0600 |
| Publisher: | |
