The Impact of Floods on House Prices: An Imperfect Information Approach with Myopia and Amnesia

被引：56

作者：

Pryce, Gwilym ^{[1
]}

Chen, Yu ^{[1
]}

Galster, George ^{[2
]}

机构：

[1] Univ Glasgow, Sch Social & Polit Sci, Glasgow G12 8RS, Lanark, Scotland

[2] Wayne State Univ, Dept Urban Studies & Planning, Detroit, MI USA

来源：

HOUSING STUDIES | 2011年 / 26卷 / 02期

基金：

英国工程与自然科学研究理事会;

关键词：

Housing economics; housing market; housing and environment; climate change; flood risk; behavioural economics; PROPERTY-VALUES; INSURANCE; ECONOMICS; HAZARDS; RISK; PSYCHOLOGY;

D O I：

10.1080/02673037.2011.542086

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

How will housing markets respond to increased frequency and severity of flooding expected with global climate change? Existing models yield poor predictions because they assume perfect information and rational decision-making processes in the housing market. This paper sets out a plausible alternative framework for analysing housing price responses to flood frequency and severity based on findings of behavioural economics and the sociology of risk, which emphasise myopic and amnesiac perceptions of risk. It utilises this framework to analyse graphically a variety of flood scenarios and their implications for housing prices and government intervention.

引用

页码：259 / 279

页数：21

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[2]

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