Abstract
This paper focuses exclusively on the aspect of natural disaster risk as local public goods. The paper points out the identical features between regional allocation problems of natural disaster risk and ones of general local public goods, while the main stress falls on the peculiar features that the models of natural disaster risk allocation are equipped. Moreover, roles of regional governments and a central government in natural disaster risk management are examined. The purpose of this paper is to systematize the issues and the problems in regional allocation of natural disaster risk and introduce the future directions of the studies in this field.
