Effects of Flood Hazards on Property Values: Evidence Before and After Hurricane Floyd

By Okmyung Bin, Stephen Polasky. Land Economics, 2004

510 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Global and Planetary Change

View Paper: https://www.semanticscholar.org/paper/e867392db236fc21fec923425669d852184c48cb

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Citations in the corpus

Flood Hazards, Insurance Rates, and Amenities: Evidence From the Coastal Housing Market (2008, unknown): “Smersh, and Schwartz 2001; Bin and Polasky 2004 ).”
The Effects of Aquatic Invasive Species on Property Values: Evidence from a Quasi-Experiment (2009, background): “a flood plain can be confounded by the amenity effects of being located close to streams and lakes ( Bin and Polasky 2004; Pope 2008).”
Social and economic vulnerability of coastal communities to sea-level rise and extreme flooding (2014, background): “…of natural hazards especially the local impacts of coastal storms and hurricanes in the USA such as Katrina, Andrew and Floyd (West and Lenze 1994; Bin and Polasky 2004; Elliot and Pais 2006; Logan 2006; Kerry Smith et al. 2006) shows in one way or another that the economic capacity of households…”
The value of views and open space: estimates from a hedonic pricing model for Ramsey County, Minnesota, USA. (2009, background): “…dtstp view Dummy variable indicating if a property has a view of downtown St. Paul (0 if no, 1 if yes) For distance variables, a negative expected relationship indicates that individuals pay more to live closer to a feature. of property damage and higher insurance rates (Bin and Polasky, 2004).”
The effects of wildfire and environmental amenities on property values in northwest Montana, USA. (2010, background): “There is evidence from hedonic studies of other types of natural disasters that recent experience with a disaster tends to increase perceived risk to private property (Bin and Polasky, 2004; Morgan, 2007).”
Viewscapes and Flood Hazard: Coastal Housing Market Response to Amenities and Risk (2008, result): “This estimate is roughly similar to what has been estimated for inland properties (McDonald et al. 1990; Bin and Polasky 2004).”
Market responses to hurricanes (2005, methodology): “8Bin and Polasky [3] offer an example of the difficulties of distinguishing amenity and flood risk effects.”
Earthquake risk and housing prices in Japan: Evidence before and after massive earthquakes (2009, background): “Among others, Bin and Polasky (2004) and Hallstrom and Smith (2005) investigate the effect of specific hurricane events – Floyd and Andrew – on individuals’ perception of flood risks.”
Valuing flood disasters using the life satisfaction approach (2009, background): “Driscoll, Dietz and Alwang (1994) and Bin and Polasky (2004) estimate larger price discounts in hedonic property price functions for houses located within a floodplain in the aftermath of a flood than before the flood occurred.”
Economic resilience: definition and measurement (2014, unknown): “Changes in risk perceptions could also lead to a decrease in home values, as illustrated in (Bin and Polasky, 2004).”
Informing Climate Adaptation: A Review of the Economic Costs of Natural Disasters, Their Determinants, and Risk Reduction Options (2012, unknown): “These studies generally find a reduction in property values in the floodplain, sometimes larger than the present value of annual insurance premium payments (e.g., MacDonald et al. 1990; Bin and Polasky 2004; Kousky 2010).”