セシモ　ヒロユキ   SESHIMO Hiroyuki   瀬下 博之    所属   専修大学  商学部    専修大学大学院  商学研究科    職種   教授
言語種別	英語
発行・発表の年月	2018/08
形態種別	研究論文（学術雑誌）
査読	査読あり
標題	"Preventive investment and relief spending for natural disasters: Why do rescue operations cause big spending for prevention?" ,
執筆形態	共著
掲載誌名	Regional Science, Policy & Practice / Regional Science Association International
掲載区分	国外
巻・号・頁	10(3),pp.161-187
著者・共著者	山崎福寿
概要	This paper considers the locational decisions of residents in a small, open linear city at risk for natural disasters and analyses the relationship between disaster preventive investment as public goods and compensation by the government. Remarkably, the ex post optimal compensation policy, a type of fully covered compensation, makes the residential area more vulnerable to natural disasters. As a result, the ex post compensation policy requires excess preventive investment. External financing does not improve this problem and may actually exacerbate it. Based on these theoretical findings, we propose a socially optimal disaster policy to resolve these issues.
DOI	10.1111/rsp3.12129