A Conceptual Framework for Comprehensive Assessment of Risk Prevention Measures: The Kulturisk Framework (KR-FWK)

Abstract

A conceptual framework integrating different disciplines is described in order to provide the basis for the development of a methodology to comprehensively evaluate the benefits of risk prevention. Two main innovations are proposed with regards to the state of the art: to define a measure of risk that goes beyond the direct tangible costs and to include the social capacities of reducing risk.

Keywords: conceptual framework, integrated risk assessment, risk prevention, adaptive and coping capacities, valuation of costs and benefits

JEL Classification: Q2