Abstract
This paper addresses whether and to what extent individual subjective perception of the time it takes for disaster relief supplies to arrive (i.e., perceived arrival time) affects households’ emergency drinking water (EDW) preparedness behavior for natural disasters, based on household data originally collected through an internet survey in Japan in 2013. Our estimation results show that perceived arrival time significantly matters for household stocks of EDW and that the amount of EDW could be greatly enhanced as perceived arrival time increases. Moreover, households in risk-prone areas stock more EDW compared with households in less risk-prone areas. Perceived arrival time can be interpreted as a kind of risk perception, and our results illustrate the counterexample of the so-called risk perception paradox.
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