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DETERMINANTS OF LANDOWNER'S WILLINGNESS TO PAY FOR FLOOD HAZARD REDUCTION1
Authors:Eric Thunberg  Leonard Shabman
Abstract:ABSTRACT: Estimated benefits of flood control projects are typically limited to avoided property damages. However, the possibility that there are (1) benefits from reduced psychological stress among flood plain occupants, and (2) benefits to the community has long been recognized. A survey of landowners residing in a flood plain in Roanoke, Virginia, found that nonproperty considerations did help explain their expressed willingness to pay for flood control. Of particular importance was the respondents' concern for disruption of the community caused by possible flooding.
Keywords:flood hazard  public planning  benefits  financing
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