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Valuing Seawall Protection in the Wake of Hurricane Ike

Author

Listed:
  • Meri Davlasheridze

    (Texas A&M University)

  • Qin Fan

    (California State University)

Abstract

This paper estimates the value of seawall protection in the wake of Hurricane Ike using a difference-in-difference and fixed-effects type quasi-experimental approach. The analysis is based on residential housing transactions in Galveston, Texas from 2000 to 2014. The results suggest a positive price premium of up to 22% for seawall protected homes. The positive effect is found to be the highest after the occurrence of Hurricane Ike. Although as memory fades away the effect began decreasing gradually, the price premium of seawall protection still persists six years after Hurricane Ike.

Suggested Citation

  • Meri Davlasheridze & Qin Fan, 2019. "Valuing Seawall Protection in the Wake of Hurricane Ike," Economics of Disasters and Climate Change, Springer, vol. 3(3), pages 257-279, October.
    • Handle: RePEc:spr:ediscc:v:3:y:2019:i:3:d:10.1007_s41885-019-00045-z
    DOI: 10.1007/s41885-019-00045-z
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    Cited by:

    1. Emily Fucile-Sanchez & Meri Davlasheridze, 2020. "Adjustments of Socially Vulnerable Populations in Galveston County, Texas USA Following Hurricane Ike," Sustainability, MDPI, vol. 12(17), pages 1-23, August.
    2. Judith Taylor & Norman S. Levine & Ernest Muhammad & Dwayne E. Porter & Annette M. Watson & Paul A. Sandifer, 2022. "Participatory and Spatial Analyses of Environmental Justice Communities’ Concerns about a Proposed Storm Surge and Flood Protection Seawall," IJERPH, MDPI, vol. 19(18), pages 1-29, September.
    3. Meri Davlasheridze & Qing Miao, 2021. "Does post-disaster aid promote community resilience? Evidence from federal disaster programs," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 109(1), pages 63-88, October.
    4. Pollack, Adam B. & Kaufmann, Robert K., 2022. "Increasing storm risk, structural defense, and house prices in the Florida Keys," Ecological Economics, Elsevier, vol. 194(C).

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