Market Failure in Information: The National Flood Insurance Program

By J. Chivers, Nicholas E. Flores. Land Economics, 2002

170 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Global and Planetary Change

View Paper: https://www.semanticscholar.org/paper/59b969e08066c086f1f60dc5b68523970059bded

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Citations in the corpus

Spatial Dependence in Hedonic Property Models: Do Different Corrections For Spatial Dependence Result in Economically Significant Differences in Estimated Implicit Prices? (2008, background): “Several earlier studies have used hedonic property models to estimate the marginal implicit price for the risk of natural disasters such as floods (Chivers and Flores, 2002; Bin and Polasky, 2004), earthquakes (Beron, Murdoch, and Thayer, 1997), and wildfires (Loomis, 2004).”
What drives households to buy flood insurance? New evidence from Georgia (2015, background): “Using survey data, Chivers and Flores (2002) find evidence that the overwhelming majority of households living in flood zones of Colorado were unaware of the flood risk classification and flood insurance rates and requirements at the time they submitted their bid to purchase property.”
Risk Preferences, Risk Perceptions, and Flood Insurance (2013, unknown): “…et al. 1990; Harrison, Smersh, and Schwartz 2001; Dehring 2006; Bin et al. 2008; Bin, Kruse, and Landry 2008), deductible choice (Cohen and Einav 2007), flood disclosure laws (Troy and Romm 2004; Pope 2008), media coverage (Miles and Morse 2007), or widespread flooding events (Bin and…”
Assessing the price effects of flood hazard disclosure under the California natural hazard disclosure law (AB 1195) (2004, background): “It is different from Chivers and Flores (2003) not only in that it uses hedonic analysis rather than surveys, but also in that we look at the entire population of homebuyers, rather than just those who were disclosed to, allowing us to investigate the mechanisms behind non-disclosure.”
Do Repeated Wildfires Change Homebuyers’ Demand for Homes in High-Risk Areas? A Hedonic Analysis of the Short and Long-Term Effects of Repeated Wildfires on House Prices in Southern California (2009, background): “After failure to find significant evidence of a flood risk discount in a hedonic study, Chivers and Flores (2002) surveyed homeowners in an area that has very high risk of flooding to investigate the possibility of market failures due to lack of information.”
Flood Hazards, Insurance Rates, and Amenities: Evidence From the Coastal Housing Market (2008, unknown): “the findings of Chivers and Flores (2002) ; they find that homeowners in Boulder, Colorado were”
Changes in implicit flood risk premiums: Empirical evidence from the housing market (2013, unknown): “Using survey data, Chivers and Flores (2002) find evidence that the overwhelming majority of households living in flood prone areas of Colorado were unaware of the risk classification and flood insurance rates at the time they submitted their bid for property.”
Real Estate Market Response to Coastal Flood Hazards (2006, background): “ Chivers and Flores (2002) and Gares (2002) examine”