Title

A Theoretical Framework of Flood Induced Changes in Urban Land Values

Document Type

Article

Publication Date

2-1986

Keywords

flood hazard, land values, capitalization, theoretical framework

Digital Object Identifier (DOI)

http://dx.doi.org/10.1111/j.1752-1688.1986.tb01861.x

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.

Citation / Publisher Attribution

JAWRA Journal of the American Water Resources Association, v. 22, issue 1, p. 67-71

Share

COinS