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The economic impact of flood zone designations on residential property valuation in Miami-Dade County

Shu, Evelyn G.; Porter, Jeremy Reed; Wilson, Bradley; … - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-14

In the United States, flood events are the most economically damaging type of natural disaster. Some of the most widely … used tools for understanding property flood risk in the United States are the Flood Insurance Rate Maps (FIRMs) produced by … property valuation from a home’s being mapped into a Special Flood Hazard Area (SFHA) within FIRMs. However, as these maps have …

Persistent link: https://www.econbiz.de/10013471460

Moral hazard vs. land scarcity : flood management policies for the real world

Avner, Paolo; Hallegatte, Stéphane - 2019

This paper investigates the costs and benefits of three ex ante flood management strategies - risk-based insurance … setting and in the absence of market failures, risk-based insurance perfectly internalizes flood risks and maximizes social …. Flood zoning and subsidized insurance are two second-best options that are easier to implement and less technically …

Persistent link: https://www.econbiz.de/10012114423

Examining the vintage effect in hedonic pricing using spatially varying coefficients models : a case study of single-family houses in the Canton of Zurich

Dambon, Jakob A.; Fahrländer, Stefan S.; Karlen, Saira; … - In: Swiss journal of economics and statistics 158 (2022) 1, pp. 1-14

This article examines the spatially varying effect of age on single-family house (SFH) prices. Age has been shown to be a key driver for house depreciation and is usually associated with a negative price effect. In practice, however, there exist deviations from this behavior which are referred...

Persistent link: https://www.econbiz.de/10012793516

Wine price determinants : is there a homogeneous international standard?

Gonçalves, Tânia; Rebelo, João; Lourenço-Gomes, Lina; … - In: Wine Economics and Policy 10 (2021) 1, pp. 37-55

This article presents an international comparison of the main determinants of wine prices in specialist online wine shops. Hedonic price functions were estimated for 9624 wines spread among four datasets from France, Italy, Germany and Australia. To explain price variation data was collected on...

Persistent link: https://www.econbiz.de/10012608892

The age-period-cohort problem in hedonic house prices models

Yiu, Chung Yim; Cheung, Ka Shing - In: Econometrics : open access journal 10 (2022) 1, pp. 1-11

The age-period-cohort problem has been studied for decades but without resolution. There have been many suggested solutions to make the three effects estimable, but these solutions mostly exploit non-linear specifications. Yet, these approaches may suffer from misspecification or omitted...

Persistent link: https://www.econbiz.de/10012805038

Housing prices in a market under years of constant transformation : a county-based analysis of Istanbul

Ucal, Meltem; Kaplan, Uğur - In: Entrepreneurial business and economics review : EBER 8 (2020) 2, pp. 71-91

Objective: The objective of the article is to present a comprehensive approach to analysing Istanbul’s housing prices, using a hedonic price model with a large dataset and a single variable for locational attributes. Research Design & Methods: The analysis of consequent housing prices in...

Persistent link: https://www.econbiz.de/10012517011

Predicting house prices using DMA method : evidence from Turkey

Hacıevliyagil, Nuri; Drachal, Krzysztof; Eksi, Ibrahim … - In: Economies : open access journal 10 (2022) 3, pp. 1-27

The aim of this study is to analyze the dynamics of the housing market in Turkey's economy and to examine the impact of variables related to housing prices. Preferred by many international housing investors, Turkey hosts profitable real estate investments as one of the developing countries with...

Persistent link: https://www.econbiz.de/10013164609

Spatial analysis and modeling of the housing value changes in the U.S. during the COVID-19 pandemic

Li, Xinba; Kao, Chihwa - In: Journal of risk and financial management : JRFM 15 (2022) 3, pp. 1-25

COVID-19 has affected almost all sectors of the economy, including the real estate markets across different countries in the world. A rich body of literature has emerged in analyzing real estate market trends and revealing important information. However, few studies have used a spatial...

Persistent link: https://www.econbiz.de/10013165267

The impact of airport noise on house prices

Kaur, Kanwal Preet; Cardak, Buly A.; McAllister, Richard - In: Q open : a journal of agricultural, climate, … 1 (2021) 2, pp. 1-21

Using individual house sale data and the release of an airport noise contour map, the relationship between airport noise contours and house prices in Melbourne is studied. House prices are not related to noise contours but annual aircraft movements and distance from the runway are both...

Persistent link: https://www.econbiz.de/10013327941

Kindergarten proximity and the housing market price in Italy

Bergantino, Angela Stefania; Biscione, Antonella; De … - In: Economies : open access journal 10 (2022) 9, pp. 1-16

This paper investigates the impact of kindergarten proximity on housing market prices in the eleven major Italian Municipalities over the period 2004-2017. For this purpose, we employ a hedonic property price model. We also differentiate the impact of kindergarten proximity on houses' market...

Persistent link: https://www.econbiz.de/10013493162