Earthquake Risk Information and Risk Aversive Behavior : Evidence from a Survey of Residents in Tokyo Metropolitan Area

Material type: 文書・図像類

Author: Kawawaki, Yasuo

Publisher: Osaka School of International Public Policy, Osaka University

Publication date: 2012-10

Material Format: Paper

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Note (General)：: This paper analyzes the relationship between provision of earthquake risk information and residents’ willingness to pay (WTP) for disaster risk reduct...

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Paper

Material Type: 文書・図像類
Title: Earthquake Risk Information and Risk Aversive Behavior : Evidence from a Survey of Residents in Tokyo Metropolitan Area
Author/Editor: Kawawaki, Yasuo
Author Heading: Kawawaki, Yasuo
https://nrid.nii.ac.jp/nrid/1000080806737
Publication, Distribution, etc.: Osaka School of International Public Policy, Osaka University
Publication Date: 2012-10
Publication Date (W3CDTF): 2012-10
Periodical title: OSIPP Discussion Paper
No. or year of volume/issue: DP-2012-E-008
Volume: DP-2012-E-008
Text Language Code: eng
Subject Heading: CVM
WTP
Earthquake Insurance
Risk Aversion
Subjective Probability of Loss
Target Audience: 一般
Note (General): This paper analyzes the relationship between provision of earthquake risk information and residents’ willingness to pay (WTP) for disaster risk reduction by the Contingent Valuation Method (CVM), using questionnaire survey data on the purchase of earthquake insurance in the Tokyo Metropolitan Area, Japan. Degree of disaster risk aversion and subjective probability of loss are estimated as parameters of expected utility function in a discrete choice model. The results suggest that when more precise and specific earthquake risk information is provided, residents of vulnerable houses are willing to pay more for disaster risk reduction, with larger subjective probability of loss, while those in safe houses are willing to pay slightly less, with a larger degree of risk aversion.
References (URI): URI
http://www.osipp.osaka-u.ac.jp/archives/DP/2012/DP2012E008.pdf
Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
https://irdb.nii.ac.jp
Original Data Provider (Database): 大阪大学 : 大阪大学学術情報庫　桜華