S01-S3 Regional Resilience in the face of Natural Disasters and Climate Change
Tracks
Special Sessions
Wednesday, August 30, 2017 |
4:00 PM - 5:30 PM |
AB A8 (0008) |
Details
Conveners: Alessandra Faggian, Luciana Lazzeretti, Silvia Rita Sedita, Jouke van Dijk / Chair: Federico Fantechi
Speaker
Dr. Markus Groth
Post-Doc Researcher
Climate Service Center Germany (GERICS)
A district level climate change vulnerability index for flood risks – Concept, implementation and results for the city of Kiel
Author(s) - Presenters are indicated with (p)
Markus Groth (p), Steffen Bender, Stephan Bürger
Discussant for this paper
Federico Fantechi
Abstract
See extended abstract
Prof. Arthur Grimes
Full Professor
Motu Economic & Public Policy Research
Before a Fall: Impacts of Earthquake Regulation and Building Codes on the Commercial Building Market
Author(s) - Presenters are indicated with (p)
Levante Timar, Arthur Grimes (p), Richard Fabling
Discussant for this paper
Markus Groth
Abstract
We test whether a major earthquake in one city (Christchurch, New Zealand) affects the prices of earthquake-prone commercial buildings in a city (Wellington) that was unaffected by the disaster. In particular, we test whether the official public declaration of a building as being earthquake-prone (with a corresponding requirement to remediate the building to minimum earthquake code requirements) has an effect on price over and above that experienced by similarly earthquake-prone (but not yet declared) buildings. We distinguish the latter by isolating sales of those buildings that are subsequently declared to be earthquake-prone. We find that in the CBD, the price discount that accompanies an official earthquake-prone declaration averages 45% whereas there is no observable discount on buildings that are subsequently declared earthquake-prone. Consistent with our theoretical model that anticipates forced sale of some officially declared earthquake-prone buildings, the probability of sale of officially declared earthquake-prone buildings rose markedly after the Christchurch earthquakes. Our results therefore show that officially declared earthquake-prone status has a considerable impact on the commercial property market that is separate from the effects of being earthquake-prone but where the building has not (yet) officially received that status.
Dr. Federico Fantechi
Assistant Professor
Università di Palermo
From strong-ties to weak-ties, building community resilience in disaster prone areas.The case of rural communities in Central Italy.
Author(s) - Presenters are indicated with (p)
Federico Fantechi (p), Alessandra Faggian, Giulia Urso
Discussant for this paper
Arthur Grimes
Abstract
See extended abstract