ECONOMIC MODEL OF FLOODPLIN LAND USE AND LAND USE POLICY

A LANDOWNER IN A FLOODPLAIN MUST CHOOSE A WAY TO USE HIS LAND FROM AVAILABLE ALTERNATIVE ACTIVITIES. A MODEL IS DEVELOPED THAT DESCRIBES THAT CHOICE AS A FUNCTION OF THE PROBABILITY OF A FLOOD WHEN THE CRITERION IS EXPECTED PRESENT VALUE. THE EXPECTED PRESENT VALUE CALCULATIONS FOR FOUR SIMPLE BENEFIT STREAM PATTERNS ARE NO-DECAY, ONE-HOSS SHAY, EXPERIMENTAL DECAY, AND DELAYED BENEFITS. WITHIN THIS MODEL SEVERAL CONCEPTS ARE DEFINED AND DISCUSSED: THE DAMAGE DUE TO ONE FLOOD, THE HAZARD DUE TO BEING IN THE FLOODPLAIN, AND THE BENEFITS OF FLOOD PROBABILITY REDUCTION. THE RELATIONSHIP BETWEEN THE BENEFITS OF FLOOD CONTROL AND DAMAGE REDUCTION ARE SHOWN TO BE NOT IDENTICAL. WITH THIS MODEL THERE IS A COMMON FRAMEWORK FOR COMPARING SUCH DISPARATE FOLLD RELIEF AND CONTROL POLICIES AS FLOODPLAIN ZONING AND FLOOD RELIEF MEASURES. THE EFFECTS OF SIMPLE FLOOD RELIEF POLICIES ARE DESCRIBED. /AUTHOR/

  • Supplemental Notes:
    • Vol 8, No 1, PP 18-32
  • Corporate Authors:

    Water Resources Research

    ,    
  • Authors:
    • Brown, J P
    • Contini, B
    • McGuire, C B
  • Publication Date: 1972-2

Subject/Index Terms

Filing Info

  • Accession Number: 00204438
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Apr 10 1972 12:00AM