Information Provision and Risk Perception on Fatal Disaster Risk in a Monocentric City

The paper analyzes effects of information provision in terms of vulnerability against disaster. It is assumed that perceived risks are not always rigorous even after precise information in terms of vulnerability against. disaster is provided to households. Models of residential choice behavior under provision of the information, that differs with respect to bias level in risk perception, are formulated. By comparing equilibrium land use patterns and welfare levels of households, we examine the influence of biases in risk perception on effect of information provision.