@inproceedings{oai:kutarr.kochi-tech.ac.jp:00000789,
 author = {Kobayashi, Kiyoshi and Yokomatsu, Muneta},
 book = {Society for Social Management Systems Internet Journal},
 issue = {1},
 month = {Mar},
 note = {The calculation of expected-losses-reduction, adopted in practices of cost-benefit analysis of disaster mitigation investment, fails to capture the catastrophic features of disaster, most typically characterized by large magnitudes of collective damage. The risk management methods to cope with disaster can be classified into two categories: risk control through disaster mitigation and risk finance to allocate catastrophe risks through market transactions. The paper claims that the cost-benefit evaluation of mitigation investment should reflect social applicability of risk finance technology to take into account the catastrophic aspects of natural disaster. The paper presents an extended framework of economic valuation of catastrophe risk mitigation and summarizes remaining issues to be concurred in future research.},
 publisher = {Society for Social Management Systems},
 title = {Economic Measure of Cost-Benefit Analysis under Disaster Risk and Mitigation Policy},
 volume = {2},
 year = {2006}
}