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Accounting for economy-wide effects, risk aversion, and inequality aversion in the cost-benefit analyses of extreme events

Bibliographic Data

ID22026196
AuthorsDuncan Grimson (0000-0001-7960-4103, Statistics New Zealand, corresponding author), Garry McDonald (0000-0003-3746-4346, Statistics New Zealand), Garry W McDonald (0000-0002-1113-8529, Statistics New Zealand), Juan J Monge (0000-0002-6710-255X, Rotorua Hospital), Charlotte Brown (0000-0001-7503-7367, Christchurch Clinical Studies Trust)
Year2024
Volume102
Pages104254
Publication date2024-02-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueInternational Journal of Disaster Risk Reduction (JOURNAL)
Journal identifiersISSN: 2212-4209
PublisherElsevier BV (PUBLISHER)
DOI10.1016/j.ijdrr.2024.104254
OpenAlexW4391065786
LanguageEN
Citations received4
References cited44

Actuarial science · Business · Cost–benefit analysis · Economic inequality · Economics · Expected utility hypothesis · Financial economics · Inequality · Inequity aversion · Microeconomics · Public economics · Social welfare function · Welfare · Computer Science · Disaster Management and Resilience · Flood Risk Assessment and Management · Infrastructure Resilience and Vulnerability Analysis

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    Open Access•Vahid Ghorbani Pashakolaie, Matthew Cotton et al.•Energy Research & Social Science•2026

  • Integration of spatial, labour and demographic heterogeneity in a CGE to model the distributional impacts from a disaster

    Open Access•Juan J Monge, Garry W McDonald et al.•International Journal of Disaster…•2026

  • Once Bitten, Twice Shy

    Open Access•Bin Yuan, Wen Sun et al.•Land Degradation and Development•2026

  • The Economic Impacts of Natural Disasters

    Open Access•W J Wouter Botzen, Olivier Deschênes et al.•Review of Environmental Economics…•2019

  • A Review of the Stern Review on the Economics of Climate Change

    William D Nordhaus•Journal of Economic Literature•2007

  • Modeling Regional Economic Resilience to Disasters

    Open Access•Adam Rose, Shu‐Yi Liao et al.•Journal of Regional Science•2005

  • Evidence for sharp increase in the economic damages of extreme natural disasters

    Open Access•Matteo Coronese, Francesco Lamperti et al.•Proceedings of the National…•2019

  • The marginal utility of income

    Open Access•Richard Layard, Guy Mayraz et al.•Journal of Public Economics•2008

  • High income improves evaluation of life but not emotional well-being

    Open Access•Daniel Kahneman, Angus Deaton•Proceedings of the National…•2010

  • An Integrated Flood Risk Assessment and Mitigation Framework

    Open Access•Enes Yıldırım, İbrahim Demir•International Journal of Disaster…•2021

  • Cost-benefit analysis of flood early warning system in the Karnali River Basin of Nepal

    Open Access•Rajesh Kumar Rai, Marc Van Den Homberg et al.•International Journal of Disaster…•2020

  • A Partial Review of Seven Official Guidelines for Cost-Benefit Analysis

    Open Access•Peter Abelson•Journal of Benefit-Cost Analysis•2020

  • Benefit-cost analysis of flood-mitigated residential buildings in Louisiana

    Arash Taghinezhad, Carol J Friedland et al.•Housing and Society•2020

  • Accounting for the Effects of Employment, Equity, and Risk Aversion in Cost–Benefit Analysis

    Open Access•Ambika Markanday, Anil Markandya et al.•Journal of Benefit-Cost Analysis•2021

  • Accounting for the Distribution of Benefits and Costs in Benefit–Cost Analysis

    Open Access•James K Hammitt•Journal of Benefit-Cost Analysis•2020

  • Welfare Analysis

    Open Access•Scott Farrow, Adam Rose•Journal of Benefit-Cost Analysis•2018

  • Accounting for risk aversion, income distribution and social welfare in cost‐benefit analysis for flood risk management

    Open Access•Jarl Kind, W J Wouter Botzen et al.•Wiley Interdisciplinary Reviews…•2016

  • The Economy-Wide Value-at-Risk from the Exposure of Natural Capital to Climate Change and Extreme Natural Events

    Open Access•Juan J Monge, Garry W McDonald et al.•Ecological Economics•2020

  • Risk-based benefit-cost analysis of ecosystem-based disaster risk reduction with considerations of co-benefits, equity, and sustainability

    Open Access•Meenakshi Chabba, Mahadev G Bhat et al.•Ecological Economics•2022

  • Probabilistic cost-benefit analysis of disaster risk management in a development context

    Open Access•Daniel Kull, Daniel Werner Kull et al.•Disasters•2013

Unique citing works4
Citations per year4
Citation span2025 - 2026 (2)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 4

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