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On The Optimal Output Of Flood Plains

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  • Aislabie, Colin

Abstract

A simple model is presented to demonstrate the point that allocative efficiency requires a suitable mix of flood-protection measures and this is not necessarily afforded by supplanting structural flood control measures with compulsory flood insurance schemes.

Suggested Citation

  • Aislabie, Colin, 1976. "On The Optimal Output Of Flood Plains," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 44(03), pages 1-5, September.
    • Handle: RePEc:ags:remaae:9154
    DOI: 10.22004/ag.econ.9154
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    References listed on IDEAS

    as
    1. Rogue F. Miller, 1959. "A Note on the Theory of Investment and Production," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 73(4), pages 672-681.
    2. Forsythe, G.A., 1975. "An Assessment Of The Role Of Insurance And Structural Measures In Flood Mitigation Planning," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 43(02), pages 1-23, June.
    3. Vernon L. Smith, 1959. "The Theory of Investment and Production," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 73(1), pages 61-87.
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    Resource /Energy Economics and Policy;

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