Matches in SemOpenAlex for { <https://semopenalex.org/work/W781873535> ?p ?o ?g. }
Showing items 1 to 69 of
69
with 100 items per page.
- W781873535 abstract "In the wake of Hurricane Katrina, concern over flood protection has grown in many parts of the country. A central policy question is how the housing market values flood control investments. Price responses indicate the extent to which differences in flood risk are capitalized in home values. The capitalization margin can be measured against the cost of mitigation strategies, such as flood insurance or investments in flood protection. Using hedonic estimation techniques, various past studies have found evidence of flood zone discounting as a result of informational events (actual floods, floods in neighboring areas, and changes in disclosure laws). However, these studies have generally focused on lying within special flood hazard areas (with less than 100year flood protection). Recent attention has begun to focus on that lie outside of this zone because of levee systems. (Thanks to levees, for instance, New Orleans had a rated level of protection for a 250-year flood). Concern over the reliability of the nation's levee systems has prompted FEMA to require communities to recertify levees (with extensive testing) when they update flood maps, a process which is likely to result in widespread decertification, putting many homes back into the 100-year floodplain. This paper assesses the market value of protection afforded by levees, using data from two metropolitan within California's Central Valley where some levees have been subject to scrutiny since the late 1980s. It addresses the following questions: What are the effects on home values of changes in legal floodplain designations arising from improvements or downgrading in levels of flood protection? Do home prices respond to changes in information about the flood risk of behind levees when there is no change in the area's legal level of flood protection? What do these effects imply about the ability to finance flood management investments through local property tax assessments and developer fees? The analysis uses single-sale and repeat-sale hedonic estimation techniques, and includes controls that have been absent from many past studies (notably for distance to water, which can have positive attributes, thereby muffling the actual risk discount). Author Contact Information: Ellen Hanak hanak@ppic.org" @default.
- W781873535 created "2016-06-24" @default.
- W781873535 creator A5074549417 @default.
- W781873535 date "2007-01-01" @default.
- W781873535 modified "2023-09-26" @default.
- W781873535 title "Building Behind Levees: Public Policy and Housing Prices in the Flood Zone" @default.
- W781873535 hasPublicationYear "2007" @default.
- W781873535 type Work @default.
- W781873535 sameAs 781873535 @default.
- W781873535 citedByCount "0" @default.
- W781873535 crossrefType "journal-article" @default.
- W781873535 hasAuthorship W781873535A5074549417 @default.
- W781873535 hasConcept C115038398 @default.
- W781873535 hasConcept C144133560 @default.
- W781873535 hasConcept C155681218 @default.
- W781873535 hasConcept C158739034 @default.
- W781873535 hasConcept C166957645 @default.
- W781873535 hasConcept C171878848 @default.
- W781873535 hasConcept C17744445 @default.
- W781873535 hasConcept C199539241 @default.
- W781873535 hasConcept C205649164 @default.
- W781873535 hasConcept C2776050585 @default.
- W781873535 hasConcept C2776648845 @default.
- W781873535 hasConcept C539955404 @default.
- W781873535 hasConcept C58640448 @default.
- W781873535 hasConcept C74256435 @default.
- W781873535 hasConcept C91375879 @default.
- W781873535 hasConceptScore W781873535C115038398 @default.
- W781873535 hasConceptScore W781873535C144133560 @default.
- W781873535 hasConceptScore W781873535C155681218 @default.
- W781873535 hasConceptScore W781873535C158739034 @default.
- W781873535 hasConceptScore W781873535C166957645 @default.
- W781873535 hasConceptScore W781873535C171878848 @default.
- W781873535 hasConceptScore W781873535C17744445 @default.
- W781873535 hasConceptScore W781873535C199539241 @default.
- W781873535 hasConceptScore W781873535C205649164 @default.
- W781873535 hasConceptScore W781873535C2776050585 @default.
- W781873535 hasConceptScore W781873535C2776648845 @default.
- W781873535 hasConceptScore W781873535C539955404 @default.
- W781873535 hasConceptScore W781873535C58640448 @default.
- W781873535 hasConceptScore W781873535C74256435 @default.
- W781873535 hasConceptScore W781873535C91375879 @default.
- W781873535 hasLocation W7818735351 @default.
- W781873535 hasOpenAccess W781873535 @default.
- W781873535 hasPrimaryLocation W7818735351 @default.
- W781873535 hasRelatedWork W1029425468 @default.
- W781873535 hasRelatedWork W1606009067 @default.
- W781873535 hasRelatedWork W192618493 @default.
- W781873535 hasRelatedWork W1983039370 @default.
- W781873535 hasRelatedWork W2024673720 @default.
- W781873535 hasRelatedWork W2066732707 @default.
- W781873535 hasRelatedWork W2159529745 @default.
- W781873535 hasRelatedWork W24257541 @default.
- W781873535 hasRelatedWork W2501784642 @default.
- W781873535 hasRelatedWork W2546688693 @default.
- W781873535 hasRelatedWork W258439129 @default.
- W781873535 hasRelatedWork W2586994736 @default.
- W781873535 hasRelatedWork W2611733757 @default.
- W781873535 hasRelatedWork W2760462100 @default.
- W781873535 hasRelatedWork W2907312030 @default.
- W781873535 hasRelatedWork W2949178485 @default.
- W781873535 hasRelatedWork W2993682889 @default.
- W781873535 hasRelatedWork W3086319178 @default.
- W781873535 hasRelatedWork W3172582821 @default.
- W781873535 hasRelatedWork W77911254 @default.
- W781873535 isParatext "false" @default.
- W781873535 isRetracted "false" @default.
- W781873535 magId "781873535" @default.
- W781873535 workType "article" @default.