An Economic Analysis of Flood Easements: The Case of the LaGrange Reach of the Illinois River
Hirschi, Rick LaVall
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Permalink
https://hdl.handle.net/2142/83036
Description
Title
An Economic Analysis of Flood Easements: The Case of the LaGrange Reach of the Illinois River
Author(s)
Hirschi, Rick LaVall
Issue Date
1999
Doctoral Committee Chair(s)
Braden, John B.
Department of Study
Agricultural Economics
Discipline
Agricultural Economics
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Urban and Regional Planning
Language
eng
Abstract
The results of the case study indicate that total flood costs may be reduced by implementing flood easements. Thus, the null hypothesis is rejected. Model results are robust to changes in the estimated dollar damages, yet extremely sensitive to changes in the hydrological estimates. The modeling approach may be applied to other large river floodplains.
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