Grames, Johanna; Fürnkranz-Prskawetz, Alexia; Grass, Dieter - 2015 - Version October 5, 2015
periodic long term solutions and denote them rich and poor economies. Whereas rich economies can afford to invest in flood … defence and therefore avoid flood damage and develop high living standards, poor economies prefer consumption instead of … investing in flood defence capital and end up facing flood damages every time the water level rises. Nevertheless, they manage …
