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- A dam-age function is defined as the mathematical relation between the magnitude of a (natural) hazard and the average damage caused on a specific item (building, person, etc.) or portfolio of items.
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What is a damage function?
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Damage functions are an important tool for an impact assess-ment of climate-related hazards. For example, Fig.1shows three damage functions that relate to the hazards of coastal flooding, wind storms, and excessive heat. It is the goal of this section to determine a unified damage function that has applicability in each of these fields.
- 807KB
- Boris F. Prahl, Diego Rybski, Markus Boettle, Jürgen P. Kropp, Jürgen P. Kropp
- 15
- 2016
May 1, 2010 · This paper gives two plausible risk aversion axioms that a reduced form utility function of temperature change and the capacity to produce consumption might reasonably be required to satisfy.
- Martin L. Weitzman
We estimate damage functions based on 15 sectoral impact models that project the economic impacts of climate change on human health, infrastructure, and ecosystems and, with a focus on temperature, apply these functions to changes in economic impacts for seven U.S. regions through 2100.
- James E Neumann, Jacqueline Willwerth, Jeremy Martinich, James McFarland, Marcus C Sarofim, Gary Yoh...
- 2020
Apr 24, 2017 · In catastrophe models, damage functions translate the intensity of a hazard affecting a structure (ground shaking, wind speed, water depth, etc.) to a damage ratio, which is the ratio of the repair cost of a building to its replacement value (cost to rebuild the entire structure).
These axioms indicate that the standard-practice multiplicative specification of disutility damages from global warming, as well as its additive analogue, are special cases of this paper's theoretically derived utility function.
- Martin L. Weitzman
- 2010
Sep 14, 2023 · Damage functions that accurately capture the structural relationship between climate variables and economic outcomes, together with sufficiently accurate climate models of the...
Nov 2, 2017 · Climate change damages are represented in cost–benefit IAMs through a damage function, which relates climate variables (such as temperature, CO 2 concentrations and sea-level rise (SLR)) to...
