Homeowner Preference for Household-level Flood Mitigation in US: Analysis of a Discrete Choice Experiment

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dc.contributor.authorFrimpong, Eugene
dc.contributor.authorHoward, Gregory
dc.contributor.authorKruse, Jamie
dc.date.accessioned2022-06-06T12:14:29Z
dc.date.available2022-06-06T12:14:29Z
dc.date.issued2022-03-22
dc.descriptionThis is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted re-use, distribution, and reproduction in any medium, provided the original work is properly cited.en_US
dc.description.abstractThe Federal Emergency Management Agency (FEMA) offers a portfolio of flood risk mitigation options for high-risk homeowners, hoping to reduce flood damages. Buyout (home acquisition) and home retrofit (e.g., home elevation) are candidates available to homeowners. FEMA has recently amended and increased its buyout efforts. This study examines homeowners’ stated preference for buyout and home elevation contracts using survey data. Results indicate multiple factors influence the decision to participate in home acquisition and elevation programs. Importantly, we find that preferences vary with the timing (whether the contract is offered before or after a damage event) of the contract offered.en_US
dc.description.sponsorshipECU/Cambridge Open Access Publishing Agreementen_US
dc.identifier.citationFrimpong, E., Howard, G., & Kruse, J. (2022). Homeowner Preference for Household-level Flood Mitigation in US: Analysis of a Discrete Choice Experiment. Journal of Agricultural and Applied Economics, 54(2), 262-285. doi:10.1017/aae.2022.5en_US
dc.identifier.doi10.1017/aae.2022.5
dc.identifier.urihttp://hdl.handle.net/10342/10614
dc.relation.urihttps://www.cambridge.org/core/journals/journal-of-agricultural-and-applied-economics/article/homeowner-preference-for-householdlevel-flood-mitigation-in-us-analysis-of-a-discrete-choice-experiment/9EAF557316CA984837F2B6F56590AF9B#articleen_US
dc.subjectbuyouten_US
dc.subjectchoice experimenten_US
dc.subjectflood insuranceen_US
dc.subjectflood risk and mitigationen_US
dc.subjecthome elevationen_US
dc.subjectwillingness to accepten_US
dc.subjectD12en_US
dc.subjectQ54en_US
dc.subjectQ58en_US
dc.titleHomeowner Preference for Household-level Flood Mitigation in US: Analysis of a Discrete Choice Experimenten_US
dc.typeArticleen_US
ecu.journal.issue2en_US
ecu.journal.nameJournal of Agricultural and Applied Economicsen_US
ecu.journal.pages262 - 285en_US
ecu.journal.volume54en_US

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