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Protecting Against Flood Impacts

James I. Price et al.

Land Economics2025https://doi.org/10.3368/le.102.1.111324-0107rarticle
AJG 3ABDC A
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0.50

Abstract

As the threat of flooding intensifies, the need for policies that align with household preferences for addressing flood risk becomes increasingly important. We conducted a discrete choice experiment to elicit homeowner preferences for purchasing overland flood insurance and/or making risk-reducing home improvements. Results from a latent class logit model indicate the presence of four preference classes, characterized by their preferred response to flood risk: insurance, home improvements, insurance and home improvements, and neither insurance nor home improvements. We subsequently evaluate household responses to insurance and home-improvement subsidies, offering insights into the effectiveness of incentives for encouraging protective actions against flooding.

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https://doi.org/https://doi.org/10.3368/le.102.1.111324-0107r

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@article{james2025,
  title        = {{Protecting Against Flood Impacts}},
  author       = {James I. Price et al.},
  journal      = {Land Economics},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.3368/le.102.1.111324-0107r},
}

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Protecting Against Flood Impacts

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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