The Benefit Evaluation of The Flood Control Works with Location Equilibrium Model

Abstract

The past benefit evaluation of the flood control works is nothing but object of reducing damage cost, don't seize change for state probability, that is uncertainty, land use change due to location choice action, and extend effect.
In this paper, we constructed Location Equilibrium Model based on multispace general equilibrium theory under uncertainty. And we defined the benefit, expanded the concept of Equivalent Variation, proposed Non-Contingent EV including the benefits of change for state and location choice probability, as the most rational definition for evaluation.
The applicable possibility of Location Equilibrium Model, Benefit Evaluation was shown through a case study.