Flood Risk Information, Actual Floods and Property Values: A Quasi-Experimental Analysis

Darshana Rajapaksa, Clevo Wilson, Shunsuke Managi, Vincent Hoang, Boon Lee

研究成果: Contribution to journalArticle査読

24 被引用数 (Scopus)

抄録

Hedonic property price analysis tells us that property prices can be affected by natural hazards such as floods. This paper examines the impact of flood-related variables (among other factors) on property values, and examines the effect of the release of flood risk map information on property values by comparing the impact with the effect of an actual flood incidence. An examination of the temporal variation of flood impacts on property values is also made. The study is the first of its kind where the impact of the release of flood risk map information to the public is compared with an actual flood incident. In this study, we adopt a spatial quasi-experimental analysis using the release of flood risk maps by Brisbane City Council in Queensland, Australia, in 2009 and the actual floods of 2011. The results suggest that property buyers are more responsive to the actual incidence of floods than to the disclosure of information to the public on the risk of floods.

本文言語英語
ページ(範囲)52-67
ページ数16
ジャーナルEconomic Record
92
DOI
出版ステータス出版済み - 6 1 2016

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

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