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dc.contributor.authorFleming, Christopher M
dc.contributor.authorManning, Matthew
dc.contributor.authorSmith, Christine
dc.date.accessioned2017-12-21T01:41:36Z
dc.date.available2017-12-21T01:41:36Z
dc.date.issued2016
dc.identifier.issn0361-3666
dc.identifier.doi10.1111/disa.12148
dc.identifier.urihttp://hdl.handle.net/10072/158476
dc.description.abstractIn the last decade Australia has experienced a series of large-scale, severe natural disasters including catastrophic bushfires, widespread and repeated flooding, intense storms and cyclones. There appears to be a prima facie case for rebuilding damaged infrastructure to a more disaster resilient (i.e. to 'betterment') standard. The purpose of this paper is to develop and illustrate a consistent and readily-applied method for developing proposals for betterment of essential public assets that can be used by governments at all levels to determine the net benefits of such proposals. Case study results demonstrate that betterment investments have the potential to deliver a positive economic return across a range of asset types and regions. However, results are highly sensitive to underlying assumptions; in particular the probability of the natural disaster affecting the infrastructure in the absence of betterment.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherWiley-Blackwell
dc.publisher.placeUnited Kingdom
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto19
dc.relation.ispartofjournalDisasters
dc.subject.fieldofresearchWelfare Economics
dc.subject.fieldofresearchPublic Economics- Publically Provided Goods
dc.subject.fieldofresearchcode140219
dc.subject.fieldofresearchcode140214
dc.titleEvaluating betterment projects
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.description.notepublicThis publication has been entered into Griffith Research Online as an Advanced Online Version.
gro.hasfulltextNo Full Text
gro.griffith.authorSmith, Christine A.
gro.griffith.authorFleming, Christopher
gro.griffith.authorManning, Matthew G.


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