- Bib ID:
- 3775891
- Format:
- Book
- Author:
- Ghesquiere, Francis
- Online Version:
- http://www-wds.worldbank.org/external/default/WDSContentServer/IW3P/IB/2006/06/07/000016406_20060607102048/Rendered/PDF/wps3939.pdf
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- Description:
-
- Washington, D.C. : World Bank, Latin America and the Caribbean Region, Urban Cluster, 2006
- 22 p. : ill. ; 28 cm.
- Series:
- Policy research working papers ; 3939.
- Summary:
-
"Cost-benefit analysis is a standard tool for determining the efficiency of planned projects. But one of the major difficulties in risk mitigation investments is that benefits are by nature uncertain. In this context, the standard approach relying on the average value of benefits may provide an incomplete picture of the efficiency of the risk mitigation project under consideration. This paper presents a probabilistic cost-benefit analysis relying on a catastrophe risk model. It produces risk metrics such as the exceedance probability curve of the benefit-cost ratio, thus providing the decisionmaker with a more complete risk analysis of the net benefits of the project. This is illustrated with the earthquake vulnerability reduction project in Colombia."--World Bank web site.
- Notes:
-
- "June 2006"--Cover.
- Includes bibliographical references (p. 22).
- Also available electronically via World Wide Web in PDF format.
- Subject:
- Earthquakes -- Colombia -- Econometric models
- Other authors/contributors:
-
- Copyright:
-
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Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 2006
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