A THEORETICAL FRAMEWORK OF FLOOD INDUCED CHANGES IN URBAN LAND VALUES1
作者:
Graham A. Tobin,
Thomas G. Newton,
期刊:
JAWRA Journal of the American Water Resources Association
(WILEY Available online 1986)
卷期:
Volume 22,
issue 1
页码: 67-71
ISSN:1093-474X
年代: 1986
DOI:10.1111/j.1752-1688.1986.tb01861.x
出版商: Blackwell Publishing Ltd
关键词: flood hazard;land values;capitalization;theoretical framework
数据来源: WILEY
摘要:
ABSTRACT:By integrating literature from flood hazard research and urban economics a theoretical structure is developed to explain changes in residential land values following flood events. The negative aspects of the flood hazard are shown to be capitalized in the value of the property. It is further suggested that land values (i.e., capitalization) will vary both spatially across the floodplain and temporally depending on the frequency, severity and spatial characteristics of the flood event. Previous work in this area has not addressed the capitalization process explicitly and has not specifically examined the ability of the land market to recover. This may account for the contradictory findings in the published literature.
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