Transactions bias arises because properties that trade are not a random sample of the total housing stock. Price indices are potentially susceptible to this bias because they are typically based on transactions data. Existing approaches to this problem have relied on Heckman-type correction...

A theoretical model is developed to articulate how financial crises influence risk assessment, and how this influence is tempered by the institution's innate learning behavior. Lenders vary the level of monitoring depending upon market risk because the probability of obtaining a favorable loan...

This paper argues that major gaps exist in the research and policy understanding of the intersection of flood risk, climate change and housing markets. When extrapolating the research on historical flooding to the effects of future floods – the frequency and severity of which are likely to be...