Consumer Valuation of Earthquake Risk Before and After Massive Earthquakes

Miki Seko ()

Chapter Chapter 10 in Housing Markets and Household Behavior in Japan, 2019, pp 193-207 from Springer

Abstract: Abstract We use the hedonic pricing approachHedonic pricing model to examine whether homeowners and/or renters alter their subjective assessments of earthquake riskSubjective assessments of earthquake risk after massive earthquakes. It is found that there are some modifications of individuals’ assessments of earthquake risk in both cases, using nationwide household panel dataHousehold panel data coupled with earthquake hazard informationEarthquake hazard information and records of observed earthquakesRecords of observed earthquakes . Households tend to underestimate earthquake risk if there has not been a recent occurrence.

Keywords: Earthquake risks; Hedonic price model; Panel data models (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advchp:978-981-13-3369-9_10

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DOI: 10.1007/978-981-13-3369-9_10

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