ESRC PhD 'The Economic Valuation of Flood Risk'
University of Birmingham - Birmingham Business School
Dept/School/Faculty: Birmingham Business School
PhD Supervisor: Prof D J Maddison
Co-Supervisor: Prof R Elliot
Application Deadline: 15 January 2012
Funding Availability: Funded PhD Project (Students Worldwide)
Following events such as the summer 2007 floods in the UK and the publication of the Pitt Review there is great interest in the economics of flood prevention. In the UK insurance premiums are currently used to estimate the benefits of flood prevention schemes but studies in the US have found that the present value of insurance payments is less than the property price discount for living in an area prone to flooding. This PhD proposes to use nonmarket valuation techniques such as the hedonic price technique and choice experiments empirically to determine the economic benefits to households of protection from flood risk.
Applicants are required to have (or must anticipate having) an MSc in Economics and must have studied Environmental Economics and Advanced Quantitative Methods. Knowledge of Geographical Information Systems will be advantageous. Applicants should include a short 2-3 page explanation of how they would value flood risk using nonmarket valuation techniques.
Funding Notes:
Funded PhD Programme (Students Worldwide). Applications for this programme are welcome from suitably qualified candidates worldwide. Chinese students applying to the PhD Programme in Economics might be eligible for one of 6 scholarships awarded by the University of Birmingham in conjunction with the China Scholarship Council. The University of Birmingham itself offers a number of DR Elite scholarships to PhD students through its University Graduate School.
For Home/EU: The Department has two ESRC scholarships. These offer full fees and maintenance grants of circa £16,500 per annum.
Contact Us:
Prof D J Maddison | E: d.j.maddison@bham.ac.uk | T: 0121 414 5005
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