who experience it first-hand. We investigate the impact of experiencing a major earthquake on individuals’ investment and …-hand experience with a major earthquake influences consumption towards presently gratifying items and experiences. A theoretical …-fatal events. We compare the expenditure patterns of individuals who began residing in earthquake-stricken areas in China directly …

are two districts where the vulnerabilities to the earthquake in the two districts are different. That is, Toyohashi City … is divided into two districts, one is safe for the earthquake while another one is risky for the earthquake. And then … the same damage when the earthquake occurs. However, if disaster risk information is provided, the land rent shows a …