A discrete choice experiment to measure the impact of flood risk information on residential location choices

Serge Garcia, Katrin Erdlenbruch and Boniface Derrick Mbarga

Working Papers of BETA from Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg

Abstract: This article investigates residential choice in flood-prone areas with attractive natural amenities. In a discrete choice experiment involving 472 French homeowners, we analyse the effects of flood risk information disclosure. Respondents make trade-offs between house characteristics, amenities and location in flood-prone areas, with two information treatments about the consequences of flooding and protection measures. We also examine the influence of existing information tools. The econometric models reveal a general aversion to flood-prone areas and a negative effect of information about the consequences of flooding. Buyer-tenant information influences the decision to leave flood-prone areas, while zoning influences the decision to stay.

Keywords: choice experiment; flood risk-amenity trade-off; information treatment; mixed logit; attribute willingness to pay; residential choice. (search for similar items in EconPapers)
JEL-codes: C25 Q51 Q54 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-dcm, nep-env, nep-exp and nep-ure
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Working Paper: A discrete choice experiment to measure the impact of flood risk information on residential location choices (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:ulp:sbbeta:2024-22

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