A framework for analyzing the effect of flooding on land prices is proposed based on a case study of the Tokai flood in … September 2000. The flood effect was examined by cross-sectional and panel analyses, panel data comprising land price and its … attributes. Interesting findings were that land prices in flood-prone areas are lower and have less variance than in other areas …

We analyze the impact of short-run and long-run earthquake risk on Japanese property prices. We exploit a rich panel … enables us to identify the total compensation for earthquake risk embedded in property prices and to decompose this into … pieces stemming from short-run and long-run risk, and to further decompose this into objective and distorted risk components. …