This report describes and assesses the varied economic benefits potentially derived from modernizing and expanding seismic monitoring activities in the United States. These benefits include more effective loss-avoidance regulations and strategies, improved understanding of earthquake processes, better engineering design, more effective hazard mitigation strategies, and improved emergency response and recovery. The economic principles that must be applied to determine potential benefits are reviewed. The report concludes that although there is insufficient information available to quantify all the potential benefits, the annual dollar costs for improved seismic monitoring are in the tens of millions, and the potential annual dollar benefits are...

First Page Preview

First page PDF preview
You do not currently have access to this article.