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Analysing Decision Mechanisms for Natural Hazard Management

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Sustainable Natural Hazard Management in Alpine Environments

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Abstract

The traditional economic approach to natural hazard management follows the idea of internalizing external effects of the public good, so-called “protective measures”. From an economic perspective protective measures can be classified as a public good. Such a good is characterized by non-rivalry, meaning that public goods are those for which consumption by one individual does not detract from the ability of others to consume them. Furthermore, it is characterized by non-exclusivity, in other words by indivisibility (‘all or nothing’ provision) and collective consumption (individuals cannot be excluded from consumption) (Edwards-Jones et al. 2000). In contrast to private goods, there is no market which takes over the decision process for the allocation of the goods. This so-called market failure is compensated by the state taking over the decision responsibility, whereby a choice has to be made how to decide collectively.

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Author information

Authors and Affiliations

  1. alpS – Centre for Natural Hazard Management, Innsbruck, Austria

    C.D. Gamper & P.A. Raschky

  2. Institute of Public Finance, University of Innsbruck, Innsbruck, Austria

    C.D. Gamper, P.A. Raschky & H. Weck-Hannemann

  3. The World Bank, Washington, DC, USA

    C.D. Gamper

Authors
  1. C.D. Gamper
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  2. P.A. Raschky
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  3. H. Weck-Hannemann
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Editor information

Editors and Affiliations

  1. Management - GmbH, alpS - Zentrum für Naturgefahren, Grabenweg 3, Innsbruck, 6020, Austria

    Eric Veulliet

  2. Inst. Geographie, Universität Innsbruck, Innrain 52, Innsbruck, 6020, Austria

    Stötter Johann

  3. Inst. Finanzwissenschaft, Univeristät Innsbruck, Universitätsstrasse 15, Innsbruck, 6020, Austria

    Hannelore Weck-Hannemann

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Gamper, C., Raschky, P., Weck-Hannemann, H. (2009). Analysing Decision Mechanisms for Natural Hazard Management. In: Veulliet, E., Johann, S., Weck-Hannemann, H. (eds) Sustainable Natural Hazard Management in Alpine Environments. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-03229-5_8

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