Floods and property values: A hedonic property and efficiency analysis

Rajapaksa, Dewage Darshana Peiris (2015) Floods and property values: A hedonic property and efficiency analysis. PhD thesis, Queensland University of Technology.

Abstract

This study investigates the impact floods on property values using the hedonic property price approach and other relevant econometric techniques. The main objectives of this research are to investigate (1) the impact of the release of flood-risk information and the actual floods on property values (2) the temporal behaviour of negative impacts (3) the property submarket behaviour (4) the behaviour of flood affected vs flood non-affected areas and (5) the property market efficiency.

The thesis expanded on the existing literature on natural disasters by applying a range of econometric techniques. Findings of this research are useful for policy decision-making which is aimed at minimizing the negative impacts of natural hazards on property markets. The thesis findings also provide a better framework for decision-making in the property insurance market. The methodological improvements that are made in the thesis will be invaluable for analysing the impacts of natural hazards elsewhere.

Impact and interest:

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Full-text downloads:

56 since deposited on 07 Oct 2015
43 in the past twelve months

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ID Code: 86975
Item Type: QUT Thesis (PhD)
Supervisor: Wilson, Clevo, Lee, Boon, & Hoang, Vincent
Keywords: Difference in differences estimation, environmental valuation, flood, hedonic property price analysis, market efficiency, property market, semi-parametric estimation, two stage quantile regression, two-tier stochastic frontier analysis, spatial econometrics
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Institution: Queensland University of Technology
Deposited On: 07 Oct 2015 05:07
Last Modified: 08 Oct 2015 04:38

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