Viewscapes and Flood Hazard: Coastal Housing Market Response to Amenities and Risk

2008 ◽  
Vol 84 (3) ◽  
pp. 434-448 ◽  
Author(s):  
O. Bin ◽  
T. W. Crawford ◽  
J. B. Kruse ◽  
C. E. Landry
Keyword(s):  
Housing Market ◽  
Flood Hazard ◽  
Market Response

‘Near miss’ housing market response to the 2012 northern Italy earthquake: The role of housing quality and risk perception

Urban Studies ◽  
2020 ◽  
pp. 004209802094349
Author(s):  
Marco Modica ◽  
Roberto Zoboli ◽  
Fabrizio Meroni ◽  
Vera Pessina ◽  
Thea Squarcina ◽  
...  
Keyword(s):  
Risk Perception ◽  
Housing Market ◽  
Risk Perceptions ◽  
Northern Italy ◽  
Housing Quality ◽  
Near Miss ◽  
Effective Capacity ◽  
Market Response ◽  
Subjective Perception ◽  
Damage Scenario

This paper examines the housing market response to the earthquake that hit northern Italy in May 2012. The available literature shows that the average price of houses decreases after a disaster because of the potential underestimation of disaster risk by households, or because of a higher risk perception in reaction to the unforeseen emergency. The physical assessment of the earthquake damage scenario provided in this paper (the so-called macro-seismic approach), combined with a difference-in-difference model with a multi-valued treatment, is able to extrapolate indirect information on the subjective perception of risk. We provide evidence that differences in costs and risk perceptions of the earthquake arise at high levels of damage. Furthermore, we also provide evidence that building characteristics, as well as the state of maintenance of houses, play a relevant role for subjective risk assessment, even though this assessment may be not related to the effective capacity of the buildings to resist earthquakes.

Flood Hazard Pricing and Insurance Premium Differentials: Evidence from the Housing Market

1990 ◽  
Vol 57 (4) ◽  
pp. 654 ◽  
Author(s):  
Don N. MacDonald ◽  
Harry L. White ◽  
Paul M. Taube ◽  
William L. Huth
Keyword(s):  
Housing Market ◽  
Flood Hazard ◽  
Insurance Premium
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