The purpose of this paper is to examine the impacts that the National Flood Insurance Program (NFIP) has had on the costs of flooding and on their distribution among payers. This study thus probes the NFIP's financial impact, the centerpiece question about program effectiveness. For the analysis, this paper models the institutional and economic framework of flood relief compensation into the HAZUS-flood model, and calculates the NFIP impact on the distribution of payers for flood losses in special flood hazard areas.
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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2005 Annual meeting, July 24-27, Providence, RI with number
19185.
Length: Date of creation: 2005 Date of revision: Handle: RePEc:ags:aaea05:19185
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