Public Flood Risk Mitigation and the Homeowner’s Insurance Demand Response
研究美国社区评级系统中公共风险减缓活动如何通过改变风险认知影响个人购买洪水保险的决策，发现风险沟通活动促进保险需求，而降低洪水危害的活动则抑制需求。
This article investigates the influence of public risk mitigating activities on individuals’ decisions to privately mitigate their disaster risks through changes in their risk perceptions. We exploit heterogeneity in measures under the U.S. Community Rating System to empirically demonstrate that public investment in flood risk communication activities crowds in individuals’ flood insurance demand, while activities that lower the flood hazard residents face crowd out individuals’ flood insurance demand. We contribute to the discussion of the efficacy of disaster risk mitigation strategies and who ultimately bears the costs of natural disasters.