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  • Anforme Should the Government spend more to prevent flooding?

Anforme Should the Government spend more to prevent flooding?

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Mo Tanweer, Head of Economics, Oundle School, examines the issue of how much is spent on flood defences

Summary of Key Points:

  • Introduction

 

  • The problem of public good provision

 

  •  Does providing defence against flooding merit government intervention?

 

  •  The cost of inaction vs. The cost of action

 

  •  Information failure, myopia or moral hazard?

 

  • How much does the UK spend on flood defences?

 

  •  Legislation in the USA and UK

 

  • Conclusion

 

  • Try This and Taking it Further

This article appeared in Volume 22 issue 1

Download: 140

Mo Tanweer, Head of Economics, Oundle School, examines the issue of how much is spent on flood defences

Summary of Key Points:

  • Introduction

 

  • The problem of public good provision

 

  •  Does providing defence against flooding merit government intervention?

 

  •  The cost of inaction vs. The cost of action

 

  •  Information failure, myopia or moral hazard?

 

  • How much does the UK spend on flood defences?

 

  •  Legislation in the USA and UK

 

  • Conclusion

 

  • Try This and Taking it Further

This article appeared in Volume 22 issue 1

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