Analyzing Effect of Information Provision on Catastrophic Disaster Risk in a Monocentric City

Abstract

With a focus on public information about amenities of a city in disaster, this paper considers effects of the information on equilibrium land use patterns and social benefits achieved in the city. In the paper, we assume a monocentric linear city in which areas have different vulnerabilities against disaster. Models of residential choice behavior under provision of perfect or null information are formulated. By comparing equilibrium land use patterns and benefits, we examine the conditions such that provision of public information improves social benefits.