Published January 2005
| Submitted
Journal Article
Open
Sequencing Lifeline Repairs After an Earthquake: An Economic Approach
- Creators
- Casari, Marco
- Wilkie, Simon J.
Abstract
Recoveries after recent earthquakes in the U.S. and Japan have shown that large welfare gains can be achieved by reshaping current emergency plans as incentive-compatible contracts. We apply tools from the mechanisms design literature to show ways to integrate economic incentives into the management of natural disasters and discuss issues related to the application to seismic event recovery. The focus is on restoring lifeline services such as the water, gas, transportation, and electric power networks. We put forward decisional procedures that an uninformed planner could employ to set repair priorities and help to coordinate lifeline firms in the post-earthquake reconstruction.
Additional Information
© 2005 Springer Science+Business Media, Inc. We thank Pierre Courtois, Christopher Hoag, Clara Ponsati, Keith Porter, Francesc Trillas, participants at the 58th ES European Meeting in Stockholm, and an anonymous referee for helpful comments on earlier versions of the manuscript. The usual disclaimer applies. This work was initiated while the first author was a graduate student at the California Institute of Technology and developed at the Universitat Autònoma de Barcelona. This research project was supported by the Earthquake Engineering Research Centers Program of the National Science Foundation, under Award number EEC-9701568 through the Pacific Earthquake Engineering Research Center (PEER) and by a Marie Curie Individual Fellowship to the first author. Any opinions, findings and conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect neither those of the National Science Foundation nor those of the European Commission.Attached Files
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Additional details
- Eprint ID
- 75878
- Resolver ID
- CaltechAUTHORS:20170408-134038319
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2017-04-13Created from EPrint's datestamp field
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2021-11-15Created from EPrint's last_modified field