LAUSR.org creates dashboard-style pages of related content for over 1.5 million academic articles. Sign Up to like articles & get recommendations!

Earthquakes economic costs through rank-size laws

Photo by scottwebb from unsplash

© 2017 IOP Publishing Ltd and SISSA Medialab srl. This paper is devoted to assessing the presence of some regularities in the magnitudes of the earthquakes in Italy between January… Click to show full abstract

© 2017 IOP Publishing Ltd and SISSA Medialab srl. This paper is devoted to assessing the presence of some regularities in the magnitudes of the earthquakes in Italy between January 24th, 2016 and January 24th, 2017, and to propose an earthquakes cost indicator. The considered data includes the catastrophic events in Amatrice and in the Marche region. To our purpose, we implement two typologies of rank-size analysis: the classical Zipf-Mandelbrot law and the so-called universal law proposed by Ausloos and Cerqueti (2016 PLoS One 11 e0166011). The proposed generic measure of the economic impact of earthquakes moves from the assumption of the existence of a cause-effect relation between earthquakes magnitudes and economic costs. At this aim, we hypothesize that such a relation can be formalized in a functional way to show how infrastructure resistance affects the cost. Results allow us to clarify the impact of an earthquake on the social context and might serve to strengthen the struggle against the dramatic outcomes of such natural phenomena.

Keywords: costs rank; economic costs; rank size; earthquakes economic; size laws

Journal Title: Journal of Statistical Mechanics: Theory and Experiment
Year Published: 2017

Link to full text (if available)


Share on Social Media:                               Sign Up to like & get
recommendations!

Related content

More Information              News              Social Media              Video              Recommended



                Click one of the above tabs to view related content.