英文摘要
|
This paper employs a two-stage hedonic rent approach to estimate the benefits of flood control in the Keelung River Basin and to calculate the benefit-cost ratio of the Keelung River flood control project. The major findings of this study include: (1) The annual total benefit of reducing flooding probability from current levels to 0.5%, in terms of consumer surplus, is NT$ 9,866 million. (2) Assuming that the average life expectancy of houses in the flooding areas is 30 years, the annual consumer's surplus estimated stays the same, and the discounting rates are 0.025, 0.05, 0.075, and 0.1, respectively. Then, the estimated total benefits of the Keelung River flood control project are NT$ 208,225 million, NT$ 153,292 million, NT$ 117,682 million, and NT$ 93,747 million, respectively. The estimated benefit-cost ratios are 2.87, 2.12, 1.62, and 1.29, respectively.
|
参考文献
|
-
Babcock, M.,B. Mitchell(1980).Impact of Flood Hazard on Residential Property Values in Galt (Cambridge), Ontario.Water Resources Bulletin,16(3),532-537.
-
Bateman, L.(1993).Evaluation of the Environment: A Survey of Revealed Preference Techniques.GEC Working Paper.
-
Bialaszewski, D.,B. A. Newsome(1990).Adjusting Comparable Sales for Floodplain Location: The Case of Homewood, Alabama.The Appraisal Journal,58(1),114-118.
-
Bin, O.,S. Polasky(2004).Effects of Flood Hazards on Property Values: Evidence Before and After Hurricane Floyd.Land Economics,80(4),490-500.
-
Blackorby, C.,G. Lady,D. Nissen,R. R. Russell(1970).Homothetic Separability and Consumer Budgeting.Econometrica,38(3),468-472.
-
Box, G. E. P.,D. R. Cox(1964).An Analysis of Transformations.Journal of the Royal Statistical Society: Series B (Methodological),26(2),211-252.
-
Brown, J. N.,H. S. Rosen(1982).On the Estimation of Structural Hedonic Price Models.Econometrica,50(3),765-768.
-
Day , J. C.,J. R. Gilpin(1974).The Impact of Man-Made Lakes on Residential Property Values: A Case Study and Methodological Exploration.Water Resources Research,10(1),37-43.
-
Donnelly, W. A.(1989).Hedonic Price Analysis of the Effect of a Floodplain on Property Values.Water Resources Bulletin,25(3),581-586.
-
Driscoll, P.,B. Dietz,J. Alwang(1994).Welfare Analysis when Budget Constraints are Nonlinear: The Case of Flood Hazard Reduction.Journal of Environmental Economics and Management,26(2),181-199.
-
Epple, D.(1987).Hedonic Prices and Implicit Markets: Estimating Demand and Supply Functions for Differentiated Products.The Journal of Political Economy,95(1),59-80.
-
Foster, J. H.(1976).Flood Management: Who Benefits and Who Pays.Water Resources Bulletin,12(5),1029-1039.
-
Griffith, R. S.(1994).University of Texas at Arlington.
-
Hallstrom, D. G.,V. K. Smith(2005).Market Responses to Hurricanes.Journal of Environmental Economics and Management,50(3),541-561.
-
MacDonald, D. N.,J. C.Murdoch,H. L. White(1987).Uncertain Hazards, Insurance and Consumer Choice: Evidence from Housing Markets.Land Economics,63(4),361-371.
-
Maddala, G. S.(1992).Introduction to Econometrics.New York:Maxwell Macmillan.
-
Markandya, A.,P. Harou,L. G. Bellu,V. Cistulli(2002).Environmental Economics for Sustainable Growth.Cheltenham:Edward Elgar.
-
Mendelsohn, R.(1985).Identifying Structural Equations with Single Market Data.The Review of Economics and Statistics,67(3),525-529.
-
Miller, H. C.(1975).Coastal Flood Plain Management and the National Flood Insurance Program: A Case Study of Three Rhode Island Communities.Environment Comment.
-
Montz, B. E.(1992).The Effects of Flooding on Residential Property Values in Three New Zealand Communities.Disasters,16(4),283-298.
-
Muckleston, K.W.(1983).The Impact of Floodplain Regulations on Residential Land Values in Oregon.Water Resources Bulletin,19(1),1-7.
-
North, J. H.,C. C. Griffin(1993).Water Source as a Housing Characteristic: Hedonic Property Valuation and Willingness to Pay for Water.Water Resources Research,29(7),1923-1929.
-
Pearce, D. E.,A. Markandya(1989).Environmental Policy Benefits: Monetary Valuation.Paris:OECD.
-
Phlips, L.(1974).Applied Consumption Analysis.Amsterdam:North-Holland.
-
Rosen, S.(1974).Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition.Journal of Political Economy,82(1),34-55.
-
Rosiers, F. D.,M. Theriault(1996).Rental Amenities and the Stability of Hedonic Prices: A Comparative Analysis of Five Market Segments.The Journal of Real Estate Research,12(1),17-36.
-
Samuelson, P. A.(1947).Foundations of Economic Analysis.Cambridge, Massachusetts:Harvard University Press.
-
Shilling, J. D.,C. F. Sirmans,J. D. Benjamin(1989).Flood Insurance, Wealth Redistribution, and Urban Property Values.Journal of Urban Economics,26(1),43-53.
-
Skantz, T. R.,T. H. Strickland(1987).House Prices and a Flood Event: An Empirical Investigation of Market Efficiency.The Journal of Real Estate Research,2(2),75-83.
-
Smith, K.(2001).Environmental Hazards: Assessing Risk and Reducing Disaster.New York:Routledge.
-
Speyrer, J. F.,W. R. Ragas(1991).Housing Prices and Flood Risk: An Examination Using Spline Regression.Journal of Real Estate Finance and Economics,4(4),395-407.
-
Strotz, R. H.(1957).The Empirical Implications of a Utility Tree.Econometrica,25(2),269-280.
-
Strotz, R. H.(1959).The Utility Tree: A Correction and Further Appraisal.Econometrica,27(3),482-488.
-
Tobin, G. A.,B. E. Montz(1997).Natural Hazards: Explanation and Integration.New York:The Guilford Press.
-
Tobin, G. A.,B. E. Montz(1994).The Flood Hazard and Dynamics of the Urban Residential Land Market.Journal of the American Water Resources Association,30(4),673-685.
-
USDC(1994).Natural Disaster Survey Report, Silver Spring.Maryland:United States Department of Commerce.
-
Weinberger, R. R.(2001).Commercial Property Values and Proximity to Light Rail: A Hedonic Price Application.Berkeley:University of California.
-
Wu, Q.(1989).The Protection of China's Ancient Cities from Flood Damage.Disasters,13(3),193-227.
-
Yusuf, A. A.,P. Koundouri(2005).Willingness to Pay for Water and Location Bias in Hedonic Price Analysis: Evidence from the Indonesian Housing Market.Environment and Development Economics,10(6),821-836.
-
Zimmerman, R.(1979).The Effect of Flood Plain Location on Property Values: Three Towns in Northeastern New Jersey.Water Resources Bulletin,15(6),1653-1665.
-
颱風資料庫
-
內政部消防署(2008)。歷年天然災害損失統計年報。臺北:內政部消防署。
-
何信隆(2000)。碩士論文(碩士論文)。國立臺北科技大學土木與防災技術研究所。
-
李鴻源(1998)。臺灣之水害防治。研考報導,43,17-26。
-
楊沛儒(2000)。博士論文(博士論文)。國立臺灣大學建築與城鄉研究所。
|