Wildfire Risk and Housing Prices: A Case Study from Colorado Springs
研究了科罗拉多斯普林斯消防局公开野火风险评级后,房价与风险的关系从正相关变为不相关,说明信息公开影响了市场定价。
<i>In 2000, concerned about the risks of wildfires to local homes, the Colorado Springs Fire Department rated the wildfire risk of 35,000 housing parcels within the wildland-urban interface and made its findings available online. We examine the effectiveness of this rating project by comparing the relationship between home price and wildfire risk before and after the information was posted on the Web site. Before the information was available, home price and wildfire risk were positively correlated, whereas, afterwards, they were not.</i>