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- Info
Natural hazard policy and the land market: an assessment of the effects of the califonia natural hazard disclosure law
| Author: |
Troy, A.R. |
| Date: |
2001 |
| Periodical: |
Berkeley, CA: University of Califonia. 172 p. Ph.D. dissertation |
| Abstract: |
The California Natural Hazard Disclosure Law (AB 1195) of 1998, the first comprehensive and enforceable natural hazard disclosure law in the country, provides a useful instrument for analyzing how information asymmetries in real estate transactions affect land allocation in hazard zones, and how better information may affect this allocation. This study looks at the price effects of flood and wildfire disclosure under AB 1195 for vacant and developed land. It determines whether and how those effects vary by income, race, housing market segment and previous experience with hazards. |
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