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Putting a Price on Safety — A Hedonic Price Approach to Flood Risk in African Cities (Inglés)

This paper uses a hedonic property price function to estimate the relationship between flood risk and rents in four Sub-Saharan Africa cities: Accra, Antananarivo, Dar es Salaam, and Addis Ababa. The analysis relies on household survey data collected after flood events in the cities. Flood risk is measured with self-reported data on past flood exposure and perception of future risk of flooding of households. The study finds that flood risk...
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