on flood risk capitalization into housing prices. Second, we implement a field survey in Rhode Island. We find … significant heterogeneity and sorting based on flood risk perceptions and amenity values. Third, we calibrate the model and …

-probability/high-impact risks, like floods, and whether past flood insurance purchases and flooding experience moderate the effect of defaults. Our … study uses a naturally occurring difference in experience, comparing the surveyed flood insurance choices of 1 …,187 homeowners, half of whom are in the Netherlands, where flood insurance penetration rates are low and recent flooding caused minor …