Earthquake and volcano hazard notices: an economic evaluation of changes in risk perceptions.

By:

Bernknopf, Richard L

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Material type: Text

TextLanguage: ENG Publication details: 12 SEP 1988Description: 16p., 26 refs, 5 tablesSubject: Earthquake and volcano hazard notices were issued for the Mammoth Lakes, California area by the U.S. Geological Survey under the authority granted by the Disaster Relief Act of 1974. The effects on investment, recreation visitation, and risk perceptions are explored. The hazard notices did not affect recreation visitation, although investment was affected. A perceived loss in the market value of homes was documented. Risk perceptions were altered for property owners. Communication of the probability of an event over time would enhance hazard notices as a policy instrument and would mitigate unnecessary market perturbations

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Books	Australian Emergency Management Library	BOOK	330.9 BER (Browse shelf(Opens below))	Available		005258282

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Reprinted from Journal of Environmental Economics and Management; 1990; Vol 18; pp35-49

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Earthquake and volcano hazard notices were issued for the Mammoth Lakes, California area by the U.S. Geological Survey under the authority granted by the Disaster Relief Act of 1974. The effects on investment, recreation visitation, and risk perceptions are explored. The hazard notices did not affect recreation visitation, although investment was affected. A perceived loss in the market value of homes was documented. Risk perceptions were altered for property owners. Communication of the probability of an event over time would enhance hazard notices as a policy instrument and would mitigate unnecessary market perturbations

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