Assessing the price effects of flood hazard disclosure under the California natural hazard disclosure law (AB 1195)

By Austin Troy, J. Romm. 2004

116 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Global and Planetary Change

View Paper: https://www.semanticscholar.org/paper/0ad9f98aa120e67315df4b06791a3027348b5d3c

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Alois Stutzer
2. Bruno S. Frey
3. Simon Luechinger
4. Susana Ferreira
5. Paul A. Raschky
6. Robert J. R. Elliott
7. E. Michel-Kerjan
8. A. M. Mobarak

In Global and Planetary Change

1. Bruno S. Frey
2. Alois Stutzer
3. Simon Luechinger
4. E. Michel-Kerjan
5. Robert J. R. Elliott
6. Susana Ferreira
7. Ajita Atreya
8. David J. Maddison

Citations in the corpus

• Valuing flood disasters using the life satisfaction approach (2009, background): “First, in absence of information disclosure on the risk of natural disasters, these risks are insufficiently reflected in property prices, as shown by Troy and Romm (2004).”
• The Life Satisfaction Approach to Environmental Valuation (2010, background): “Brookshire et al. (1985) and Troy and Romm (2004) find no price discounts for properties in areas with elevated risks of earthquakes and flooding before laws have been passed that require sellers of property to disclose information on earthquake and flood risks, but large and significant price…”
• Quantifying the costs of drought: new evidence from life satisfaction data (2009, background): “Furthermore, Bin and Polasky (2004 )a nd Troy and Romm (2004) use US data to calculate the value of flood risk and hurricanes on property values.”
• Charity hazard—A real hazard to natural disaster insurance? (2007, unknown): “Brookshire et al. (1985) and Troy and Romm (2004) examined how the disclosure of information on natural hazard risks influences price gradients in hedonic market analyses.”
• Does rising income increase or decrease damage risk from natural disasters (2008, background): “Much of the literature on the economics of natural disasters has focused on the economic impacts of disasters (Freeman et al., 2003; Skidmore, 2001; Skidmore and Toya, 2002; Austin and Romm, 2004; Hallstrom and Smith, 2005; Sadowski and Sutter, 2005), and insurance responses to disaster risk (Brooks”
• Is Flood Risk Capitalised Into Property Values (2018, background): “There are also studies estimating the economic value of flood protection afforded by natural ecosystems (Bateman and Langford, 1997; Bateman et al., 2001; Gibbons et al., 2014) and other non-structural defence measures (Holway and Burby, 1990; Meyer et al., 2012; Troy and Romm, 2004).”
• What drives households to buy flood insurance? New evidence from Georgia (2015, background): “…the property instead of one-year renewable policies tied to the individual homeowner (Kunreuther and Michel-Kerjan, 2010), and using federal funds to compensate existing landowners and targeting properties deemed high-risk or environmentally sensitive to purchase flood insurance (Barnhizer, 2003).”