This study employs the hedonic property price method to analyze the flood risk effect on a rich set of data. The …. The paper finds a significant reduction in housing prices accounted to ZIP code level flood risk even after controlling … for a wide range of geographical and socio-economic features. This paper finds that flood risk reduces housing prices …

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. …