| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25984 |
| 来源ID | Working Paper 25984 |
| Hurricane Katrina Floods New Jersey: The Role of Information in the Market Response to Flood Risk | |
| Nicholas Z. Muller; Caroline A. Hopkins | |
| 发表日期 | 2019-06-24 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | This study uses hedonic property models to explore how coastal real estate markets subject to heterogeneous information treatments respond to flood risk. We identify reactions to flood risk, distinctly from price effects due to flood damage, by examining non-local flooding events. Utilizing a difference-in-difference methodology, we test whether the coastal real estate market in New Jersey responds to several well-publicized hurricanes and tropical storms that did not strike the Atlantic seaboard. We find that homes in high flood risk zones situated in towns that participate in public flood awareness activities incur a 7 to 16 percent decrease in price after the non-local shock. |
| 主题 | Public Economics ; Public Goods ; Environmental and Resource Economics ; Environment ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w25984 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583658 |
| 推荐引用方式 GB/T 7714 | Nicholas Z. Muller,Caroline A. Hopkins. Hurricane Katrina Floods New Jersey: The Role of Information in the Market Response to Flood Risk. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25984.pdf（1508KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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