Public policies aimed at mitigating climate change can come with the transition risk of sudden adjustments of asset … transition risk. Prices of carbon-intensive properties affected by this policy decreased by about £5,000 to £9,000 relative to …

sales were not impacted suggesting that buyers take the risk of rising sea level if they can buy properties at lower prices …

centuries from today is new to the empirical literature on discounting and, with the appropriate risk adjustment, of relevance …

also the case for houses that were not damaged but face high risk of coastal flooding. Our results suggest that Sandy has … increased the perceived risk of living in those neighborhoods. We also show that the negative effects on housing prices appear …

characterize the food risk level for each property. First, we compare trends in housing values and sales activity among properties … within the same city. Despite the heightened food risk in the last two decades, we did not find evidence of divergent trends …, suggesting that food insurance may have cushioned the effects of the increase in food risk. Secondly, we analyze the effects of …