英文摘要 |
This paper improves the theoretical model that presents the importance of applying tradeable flood permits (TFPs) for efficiency improvement in flood management and the designs of the tradeable flood permits, based on Chang (2005). Land use patterns, and soft and hard engineering measures for flood management are the choice variables. Three types of TFPs are developed under three sets of institutional conditions accordingly. The TFP systemis virtually untried. It aims at compensating instead of substituting for the current planning system. |