Gu, Tao; Nakagawa, Masayuki; Saito, Makoto; Yamaga, Hisaki - Graduate School of Economics, Hitotsubashi University - 2012
In this paper, we explore how asset pricing reflects public perceptions of earthquake risk using officially appraised prices of land situated along the Uemachi fault, lying along a north-south axis in the east of Osaka prefecture in Japan. We find that active fault risk has been included...
