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- W2077755744 abstract "This study employs the hedonic property price method to examine the ef fects of flood hazard on coastal property values. We utilize Geographic Infor mation System data on National Flood Insurance Program flood zones and residential property sales from Carteret County, North Carolina. Our results indicate that location within a flood zone lowers property value. Price differ entials for flood risk and the capitalized value of flood insurance premiums are roughly equivalent?both exhibiting a nonlinear relationship in flood probability. Our results support the conclusion that flood zone designation and insurance premiums convey risk information to potential buyers in the coastal housing market." @default.
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- W2077755744 date "2008-03-01" @default.
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- W2077755744 title "Flood Hazards, Insurance Rates, and Amenities: Evidence From the Coastal Housing Market" @default.
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- W2077755744 doi "https://doi.org/10.1111/j.1539-6975.2007.00248.x" @default.
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