Proceedings of IAHS
Proceedings of IAHS
PIAHS
Articles | Volume 369
Articles | Volume 369
https://doi.org/10.5194/piahs-369-3-2015
© Author(s) 2015. This work is distributed under
the Creative Commons Attribution 3.0 License.
https://doi.org/10.5194/piahs-369-3-2015
© Author(s) 2015. This work is distributed under
the Creative Commons Attribution 3.0 License.
Articles | Volume 369
11 Jun 2015
 | 11 Jun 2015

Modelling the interaction between flooding events and economic growth

J. Grames, A. Prskawetz, D. Grass, and G. Blöschl

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Short summary
Communities live close to rivers and therefore are confronted with the risk of flooding. It is important to understand the drivers and mechanisms of the consumption and investment behavior of these societies in order to identify an optimal investment strategy into flood defense capital. To solve such an economic optimization model we develop a periodic water function to approximate the former discrete stochastic time series of rainfall events and apply it to an existing socio-hydrology model.
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