Is Flood Risk Capitalized into Real Estate Market Value? A Mahalanobis-Metric Matching Approach to the Housing Market in Gyeonggi, South Korea

In this study, we investigate how far away and for how long past flooding affected single-family housing values in Gyeonggi, South Korea. In order to empirically explore the geographic and temporal extent of the effects, we adopt two analytical methods: random-intercept multilevel modeling and Mahal...

Ausführliche Beschreibung