EconPapers    
Economics at your fingertips  
 

L’information préventive améliore-t-elle la perception des risques? Impact de l’Information Acquéreur Locataire sur le prix des logements

Amélie Mauroux ()
Additional contact information
Amélie Mauroux: CGDD; CREST-LEI; Université Paris Dauphine

No 2015.17, Working Papers from FAERE - French Association of Environmental and Resource Economists

Abstract: This article evaluates the impact of a seller’s disclosure, the ”Information Acquéreur Locataire” (IAL), on the housing prices and natural risk perception in at-risk areas. The date of implementation of the IAL, June the 1st 2006, as an exogenous shock on the buyers’ information on risk exposure of the housing units. A difference-in-differences hedonic price model is estimated on an unique database merging notary data on individual transactions in 2006 and the maps of the at-risk regulated areas. The results suggest that the implementation of the IAL increased the share of informed buyers: every else hold equal, in towns under a PPRi the price of some housing units under IAL decreased compared to the price of similar units located outside the at-risk regulated perimeters. It is the case for apartments on the first floor or in towns hit by a natural disaster the year before the sale. The implementation of the IAL also decreased the probability that, after June 2006, at-risk individual houses were sold to buyers living in another town and thus less likely to be informed on the local natural risk exposure.

Keywords: modèle de prix hédoniques; différence de différences; perception des risques; évaluation des politiques publiques; économie de l’environnement. (search for similar items in EconPapers)
JEL-codes: Q58 Q54 R21 (search for similar items in EconPapers)
Date: 2015-11
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://faere.fr/pub/WorkingPapers/Mauroux_FAERE_WP2015.17.pdf First version, 2015 (application/pdf)

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:fae:wpaper:2015.17

Access Statistics for this paper

More papers in Working Papers from FAERE - French Association of Environmental and Resource Economists Contact information at EDIRC.
Bibliographic data for series maintained by Mireille Chiroleu-Assouline ().

 
Page updated 2019-09-14
Handle: RePEc:fae:wpaper:2015.17