The Simple Microeconomics of Adapting to Real Estate Damage Caused by Flooding
Environmental and Urban Economics
APRIL 11, 2022
Instead, I will discuss how flood risk (ex-ante) and flooding affects the real estate market and the distribution of income. When one owns an asset, there is uncertainty about how the price of the asset will change over time. Worries about climate gentrification on higher ground will be muted. Why is that fair?
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