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Wildfire risk and housing prices: a case study from Colorado Springs.Author(s): G.H. Donovan; P.A. Champ; D.T. Butry
Source: Land Economics. 83(2): 217-233
Publication Series: Scientific Journal (JRNL)
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DescriptionUnlike other natural hazards such as floods, hurricanes, and earthquakes, wildfire risk has not previously been examined using a hedonic property value model. In this article, we estimate a hedonic model based on parcel-level wildfire risk ratings from Colorado Springs. We found that providing homeowners with specific information about the wildfire risk rating of their property has affected housing prices.
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CitationDonovan, G.H.; Champ, P.A.; Butry, D.T. 2007. Wildfire risk and housing prices: a case study from Colorado Springs. Land Economics. 83(2): 217-233
KeywordsHedonic, fire, Colorado Springs, spatial statistics
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