scholarly journals Earthquake Risk Embedded in Property Prices: Evidence from Five Japanese Cities*

Author(s):  
Masako Ikefuji ◽  
Roger J. A. Laeven ◽  
Jan R. Magnus ◽  
Yuan Yue
Author(s):  
Masako Ikefuji ◽  
Roger Jean Auguste Laeven ◽  
Jan R. Magnus ◽  
Yuan Yue

2015 ◽  
Author(s):  
Vassiliki Vlachostergiou ◽  
Calliope Akantziliotou ◽  
Theodore Mitrakos

ABSTRACT The ecosystem services provided by wetlands can be direct or indirect. The direct services can be mostly valued through market prices, but the indirect service like aesthetic beauty and its impact on property prices surrounding the natural resource cannot be directly measured. To single out the economic effect of particular amenity which influenced the land property prices, the advanced valuation technique Hedonic property pricing was most popularly used. In this study, it was attempted to assess using the hedonic property pricing technique, the impact of the presence of the freshwater body, the Vellayani Lake on land property prices surrounding it. The results revealed that the marginal implicit price of getting one cent of land with lake view evaluated at mean property price of Rs. 2,44250 was Rs.79171. The total aesthetic value of land with the scenic beauty of the lake was Rs. 275.92 crores.


Author(s):  
Susan Elizabeth Hough ◽  
Roger G. Bilham

Earthquakes rank among the most terrifying natural disasters faced by mankind. Out of a clear blue sky-or worse, a jet black one-comes shaking strong enough to hurl furniture across the room, human bodies out of bed, and entire houses off of their foundations. When the dust settles, the immediate aftermath of an earthquake in an urbanized society can be profound. Phone and water supplies can be disrupted for days, fires erupt, and even a small number of overpass collapses can snarl traffic for months. However, when one examines the collective responses of developed societies to major earthquake disasters in recent historic times, a somewhat surprising theme emerges: not only determination, but resilience; not only resilience, but acceptance; not only acceptance, but astonishingly, humor. Elastic rebound is one of the most basic tenets of modern earthquake science, the term that scientists use to describe the build-up and release of energy along faults. It is also the best metaphor for societal responses to major earthquakes in recent historic times. After The Earth Quakes focuses on this theme, using a number of pivotal and intriguing historic earthquakes as illustration. The book concludes with a consideration of projected future losses on an increasingly urbanized planet, including the near-certainty that a future earthquake will someday claim over a million lives. This grim prediction impels us to take steps to mitigate earthquake risk, the innately human capacity for rebound notwithstanding.


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