Sequencing Lifeline Repairs After an Earthquake: An Economic Approach
AbstractRecoveries after recent earthquakes in the U.S. and Japan have shown that large welfare gains can be achieved by reshaping current emergency plans as incentive-compatible contracts. We apply tools from the mechanisms design literature to show ways to integrate economic incentives into the management of natural disasters and discuss issues related to the application to seismic event recovery. The focus is on restoring lifeline services such as the water, gas, transportation, and electric power networks. We put forward decisional procedures that an uninformed planner could employ to set repair priorities and help to coordinate lifeline firms in the post-earthquake reconstruction.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) in its series UFAE and IAE Working Papers with number 587.03.
Date of creation: 25 Jun 2004
Date of revision:
utilities; inter-temporal decisions; natural disasters; mechanism design; network externalities;
Other versions of this item:
- Marco Casari & Simon Wilkie, 2005. "Sequencing Lifeline Repairs After an Earthquake: An Economic Approach," Journal of Regulatory Economics, Springer, vol. 27(1), pages 47-65, September.
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
- D60 - Microeconomics - - Welfare Economics - - - General
- L97 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Utilities: General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-10-20 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Thomas A. Garrett & Russell S. Sobel, 2002.
"The political economy of FEMA disaster payments,"
2002-012, Federal Reserve Bank of St. Louis.
- Kunreuther, Howard & Kleffner, Anne E, 1992. "Should Earthquake Mitigation Measures Be Voluntary or Required?," Journal of Regulatory Economics, Springer, vol. 4(4), pages 321-33, December.
- Jackson, Matthew O, 1992.
"Implementation in Undominated.Strategies: A Look at Bounded Mechanisms,"
Review of Economic Studies,
Wiley Blackwell, vol. 59(4), pages 757-75, October.
- Matthew 0. Jackson, 1989. "Implementation in Undominated Strategies - A Look at Bounded Mechanisms," Discussion Papers 833, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Matthew O. Jackson, 2001.
"A crash course in implementation theory,"
Social Choice and Welfare,
Springer, vol. 18(4), pages 655-708.
- Jack Hirshleifer, 1991. "Disaster and Recovery," UCLA Economics Working Papers 639, UCLA Department of Economics.
- Timothy Matisziw & Alan Murray & Tony Grubesic, 2010. "Strategic Network Restoration," Networks and Spatial Economics, Springer, vol. 10(3), pages 345-361, September.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Xavier Vila).
If references are entirely missing, you can add them using this form.