Water and energy are the two most fundamental ingredients of modern civilisation and are also the most precious and essential resources around the globe. They are inseparably coupled and with increasing pressures on these resources as the world's populations grow, the concepts of a combined...

Using unique nationwide property-level mortgage, flood risk, and flood map data, we analyze whether lenders respond to flood risk that is not captured in FEMA flood maps. We find that lenders are less willing to originate mortgages and charge higher rates for lower LTV loans that face...

We present a theory of the demand for flood insurance and empirically analyze the effects of the adoption of Risk Rating 2.0, using individual insurance histories for all NFIP policies. The reform increased exit and reduced entry, both in the flood zone and its periphery. The reform had highly...

Many studies have investigated flood risk and insurance coverage in the 100-year flood zone, but much less is known about the periphery of the flood zone. We present a new approach to estimate flood risk and insurance take-up in the vicinity of the flood zone based on building-level inundation...

The frequency and severity of fluvial floods are expected to increase due to climate change. This paper investigates whether flood risk perception in the housing market changes across a country after the occurrence of a catastrophic fluvial flood. Using a comprehensive geocoded German house...