Improving Understanding of Flood Risk: the Effects of Lowering the Cost of Accessing Flood Risk Information
We provide evidence that lowering the cost of accessing flood risk information increases public understanding of the risk of flood events. We exploit a pair of events to generate this conclusion: in July 2008, the Brisbane City Council released property level flood risk reports online, and, in 2011, Brisbane suffered a flood event. Using a longitudinal property sales database and a difference in difference estimator, we refute existing results by finding that prices for at-risk properties fell...[Show more]
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|Source:||Economics of Disasters and Climate Change|
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