The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Flood Hazards, Insurance Rates, and Amenities: Evidence From the Coastal Housing Market
Abstract
This study employs the hedonic property price method to examine the effects of flood hazard on coastal property values. We utilize Geographic Information 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 differentials 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.
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Citations
Cites
Wildfire Risk and Housing Prices: A Case Study from Colorado Springs
Donovan, G. H., Champ, P. A., & Butry, D. T. (2007) · Land Economics · doi:10.3368/le.83.2.217 · Cited by 161
Cited by
Changes in implicit flood risk premiums: Empirical evidence from the housing market
Bin, O., & Landry, C. E. (2013) · Journal of Environmental Economics and Management · doi:10.1016/j.jeem.2012.12.002 · Cited by 474
Self-citationRepetitive floods intensify outmigration and climate gentrification in coastal cities
de Koning, K., & Filatova, T. (2020) · Environmental Research Letters · doi:10.1088/1748-9326/ab6668 · Cited by 86
Climate gentrification in Miami: A real climate change-minded investment practice?
Li, H., & Grant, R. J. (2022) · Cities · doi:10.1016/j.cities.2022.104025 · Cited by 29
Measuring, mapping, and anticipating climate gentrification in Florida: Miami and Tampa case studies
Tedesco, M., Keenan, J. M., & Hultquist, C. (2022) · Cities · doi:10.1016/j.cities.2022.103991 · Cited by 18
Metadata
- Authors
- Bin, O., Kruse, J. B., & Landry, C. E.
- Venue
- Journal of Risk and Insurance
- Publisher
- Wiley
- Published
- 2008-03
- Volume
- 75
- Issue
- 1
- Pages
- 63-82
- ISSN
- 0022-4367 (ISSN-L)
- 1539-6975
- OpenAlex
- W2077755744
- Cited by
- 305
- References
- 1
- FWCI
- 23.51
- Type
- journal article
- Language
- en
- Open access
- closed
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- Bin, O., Kruse, J. B., & Landry, C. E. (2008). Flood Hazards, Insurance Rates, and Amenities: Evidence From the Coastal Housing Market. Journal of Risk and Insurance. https://doi.org/10.1111/j.1539-6975.2007.00248.x
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
