<?xml version="1.0" encoding="utf-8"?>
<export-example>
  <doc>
    <id>5910</id>
    <completedYear/>
    <publishedYear>2025</publishedYear>
    <thesisYearAccepted/>
    <language>eng</language>
    <pageFirst/>
    <pageLast/>
    <pageNumber/>
    <edition/>
    <issue/>
    <volume/>
    <type>article</type>
    <publisherName/>
    <publisherPlace/>
    <creatingCorporation/>
    <contributingCorporation/>
    <belongsToBibliography>0</belongsToBibliography>
    <completedDate>2025-07-29</completedDate>
    <publishedDate>--</publishedDate>
    <thesisDateAccepted>--</thesisDateAccepted>
    <title language="eng">Adjusting to the New Normal: River Flood Risk and the Real Estate Market</title>
    <abstract language="eng">Do individuals learn from salient river floods and update their risk perceptions accordingly? We exploit the Western European flood in 2021 to estimate changes in property values across German flood risk regions. Flood-prone areas in proximity to the flood or with higher climate change beliefs experience housing price declines, while we observe no statistically significant effects in other flood risk zones. Our results imply that flood risk discounts in the housing market will not adjust uniformly, which may result in suboptimal capital allocation in areas at risk of future flooding.</abstract>
    <parentTitle language="eng">Environmental and Resource Economics</parentTitle>
    <identifier type="doi">10.1007/s10640-025-00995-x</identifier>
    <enrichment key="opus.source">publish</enrichment>
    <licence>Metadaten / metadata</licence>
    <author>Henri Gruhl</author>
    <submitter>Beril Ceyhan</submitter>
    <author>Johannes Brehm</author>
    <author>Arijit Ghosh</author>
    <author>Philipp Breidenbach</author>
    <author>Nils aus dem Moore</author>
    <subject>
      <language>eng</language>
      <type>uncontrolled</type>
      <value>Flood risk; House prices; Risk updating</value>
    </subject>
    <collection role="HertieResearch" number="">Publications PhD Researchers</collection>
    <collection role="HertieResearch" number="">Centre for Sustainability</collection>
    <thesisPublisher>Hertie School</thesisPublisher>
  </doc>
</export-example>
