Shingo, NAGAMATSU; Motohiro, SATO; Takeshi, MIYAZAKI; … - Economic and Social Research Institute (ESRI), Cabinet … - 2012
Implementing public policy for the management of low-probability/high-consequence disasters is problematic. There is no implicit normative rule for setting investment priority to reduce the impact of such rare disasters, since it is difficult to recognize the benefit of the investment. Current...