Estimating willingness to pay and costs associated with hurricane evacuation

While a growing number of studies have explored evacuation expenditure for more effective evacuation planning and emergency management, few have investigated the public preferences regarding hurricane evacuation behavior and the cost of evacuation. This paper presents an empirical analysis of hurricane evacuation decisions, using both revealed preference (RP) and stated preference (SP) evacuation expenditure data from Texas residents affected by Hurricane Ike. Furthermore, the authors have developed a methodology framework based on utility maximization theory and the lifecycle consumption model. This approach allows the authors to estimate the lower bound of individuals' willingness to pay (WTP) to mitigate hurricane risks and calculate the associated cost-of-evacuation under both voluntary and mandatory evacuation orders. The study was carried out from a transportation cost perspective and included the expenditure of transportation, food, and lodging during hurricane evacuation. The findings provide policy implications for emergency management agencies in coastal communities in terms of hurricane evacuation planning and strengthening disaster management practices in the future.

Language

  • English

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Filing Info

  • Accession Number: 01890530
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Aug 23 2023 10:14AM