The relationships between seismic risk and rental and owner- occupied housing prices in the whole of Japan are examined. The empirical results from hedonic regressions with earthquake risk indices suggest that: (1) earthquake occurrence probability has a significantly negative effect on monthly...

A theoretical framework and empirical evidence are presented to show the connection between community uniform rating and cross-subsidies in earthquake insurance policy in Japan. Cross-subsidies are defined as the difference between a fair actuarial premium and the community uniform rate. The...

Chapter 1 Introduction: Purpose and Organization of This Book -- Part I Housing Markets and the Macro Economy -- Chapter 2 House-Price Dynamics and Effects on the Macro Economy -- Chapter 3 Housing Market Imperfections and Distortions Resulting from Criteria Based on House Floor Space -- Chapter...