Economic Analysis

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An Economic Analysis of Flood Damage Reduction Alternatives in the Minnesota River Basin

Hopeman, Alan Roswell Jr.
This study explores the economic implications of flooding in the Minnesota River Valley and the various alternatives for flood-damage reduction: do nothing, delimit new development in flood-hazard areas, evacuate flood-prone areas, build local protection works, construct a series of large reservoirs, improve transportation river-crossings. The author provides background on state and federal legislation affecting Minnesota flood-control policy, as well as the methodology behind this study's economic analyses.
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