ECONOMIC VALUATION OF MENTAL DAMAGE IN A FLOOD DISASTER

Autor:	Katsumi Wakigawa, Hiroyuki Itoh, Masamitsu Onishi, Kiyoshi Kobayashi, Kakuya Matsushima
Rok vydání:	2007
Předmět:	Structure (mathematical logic) Actuarial science Geography Flood myth media_common.quotation_subject Production (economics) Covariance Function (engineering) Set (psychology) Unobservable media_common Economic valuation
Zdroj:	INFRASTRUCTURE PLANNING REVIEW. 24:263-272
ISSN:	1884-8303 0913-4034
DOI:	10.2208/journalip.24.263
Popis:	This paper proposes a methodology to valuate mental damage in a flood disaster with CVM and covariance structure models. The mental damage which the victims receive in a flood disaster is essentially unobservable. Hence, the set of mental damage are expressed as quantitative variables in the form of structural concepts, which are used as explanatory variables of victims' utility function in order to measure their mental damage. The structural concepts of mental damage are regarded as outputs of the psychological production structure of stresses, which is modeled by a covariance structure model. The applicability of the methodology presented in this paper is investigated by an application example.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::d9c2a3dc4a1c1a13615fbf109aa4a8c8 https://doi.org/10.2208/journalip.24.263 Zobrazit plný text záznamu