The impact of soil-liquefaction information disclosures on housing prices: evidence from Kaohsiung, Taiwan

Chien-Yuan Sher (), Nai-Wei Chen, Yu-Hsi Liu and Ryan H. Murphy
Additional contact information
Chien-Yuan Sher: National Sun Yat-Sen University
Nai-Wei Chen: National Sun Yat-Sen University
Yu-Hsi Liu: Shih-Hsin University
Ryan H. Murphy: Southern Methodist University

The Japanese Economic Review, 2021, vol. 72, issue 2, No 4, 217-241

Abstract: Abstract Do housing markets appropriately assess disaster-resistant structures located in high-potential areas following information shocks? This study considers the disclosure of the potential for soil liquefaction released by the Taiwanese government and discusses the effects of the disclosures on housing prices in Kaohsiung. We find that the influence of this disclosure on the house prices in high-potential areas varies, depending on whether the property is in a high-rise building, and on whether the property was designed in compliance with building regulations amended in 1999, the point in time when soil liquefaction potential was prioritized as important elements of housing construction and maintenance. Our findings imply that information disclosure helps properties to be properly assessed on markets.

JEL-codes: D82 D83 R21 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s42973-020-00048-6 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jecrev:v:72:y:2021:i:2:d:10.1007_s42973-020-00048-6

Ordering information: This journal article can be ordered from
https://www.springer.com/journal/42973

DOI: 10.1007/s42973-020-00048-6

Access Statistics for this article

The Japanese Economic Review is currently edited by Michihiro Kandori

More articles in The Japanese Economic Review from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().