Showing 1 - 10 of 8,222
providing home-specific flood risk information on the behavior of home buyers in terms of their search, bidding, and purchasing … decisions. Redfin randomly assigned 17.5 million users to receive information detailing the flood risk associated with the … properties they searched for on the platform. Our analysis reveals several key findings: (1) the flood risk information …
Persistent link: https://www.econbiz.de/10015145070
Sea-level rise and ensuing permanent coastal inundation will cause spatial shifts in population and economic activity over the next 200 years. Using a highly spatially disaggregated, dynamic model of the world economy that accounts for the dynamics of migration, trade, and innovation, this paper...
Persistent link: https://www.econbiz.de/10012480573
flood risk beliefs. The model incorporates a Bayesian learning mechanism allowing agents to update their beliefs depending … on whether flood events occur. Second, to quantify these elements, we implement a door-to-door survey campaign in Rhode … Island. The results confirm significant heterogeneity in flood risk beliefs, and that selection into coastal homes is driven …
Persistent link: https://www.econbiz.de/10012453857
In this paper, we explore dynamic changes in the capitalization of sea level rise (SLR) risk in housing and mortgage markets. Our results suggest a disconnect in coastal Florida real estate: From 2013-2018, home sales volumes in the most-SLR-exposed communities declined 16-20% relative to...
Persistent link: https://www.econbiz.de/10012482150
-maturity bonds and is not solely driven by near-term flood risk. We use a structural model of credit risk to quantify the implied …
Persistent link: https://www.econbiz.de/10013462708
Flood protection infrastructure investments, such as Army Corps of Engineers levees, can enhance resilience to flood … areas protected by levees, home values increase 3-4 percent. Levees impose adverse spillover flood risks that reduce home …
Persistent link: https://www.econbiz.de/10015361509
Hurricane Katrina did massive damage because New Orleans and the Gulf Coast were not appropriately protected. Wherever natural disasters threaten, the government -- in its traditional role as public goods provider -- must decide what level of protection to provide to an area. It does so by...
Persistent link: https://www.econbiz.de/10012466413
-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 …
Persistent link: https://www.econbiz.de/10012481576
. By constructing a global city data set that covers the years 2012 to 2018, we test several flood risk adaptation … hypotheses. Population growth is lower in cities that suffer from more floods. Richer cities suffer fewer deaths from flood …
Persistent link: https://www.econbiz.de/10013334356
Despite growing empirical evidence of the link between environmental policy and innovation, most economic models of environmental policy treat technology as exogenous. For long-term problems such as climate change, this omission can be significant. In this paper, I modify the DICE model of...
Persistent link: https://www.econbiz.de/10012468936