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Does National Flood Insurance Program Participation Induce Excessive Development in High-Risk Areas? Evidence from Florida Counties

Posted: 1 Dec 2010  

Mark J. Browne

St. John's University - Peter J. Tobin College of Business

Carolyn A. Dehring

University of Georgia - Department of Insurance, Legal Studies, Real Estate

David L. Eckles

University of Georgia - Department of Insurance, Legal Studies, Real Estate

William D. Lastrapes

University of Georgia - C. Herman and Mary Virginia Terry College of Business - Department of Economics

Date Written: November 29, 2010

Abstract

Our study examines whether the NFIP induces excessive risk taking in real estate development, and the extent to which this places additional burdens on taxpayers. We use data from Florida over the period 1975 to 2000, during which time communities in each of the state's counties (with the exception of Highlands County) participated in the NFIP.

JEL Classification: K2

Suggested Citation

Browne, Mark J. and Dehring, Carolyn A. and Eckles, David L. and Lastrapes, William D., Does National Flood Insurance Program Participation Induce Excessive Development in High-Risk Areas? Evidence from Florida Counties (November 29, 2010). 46th Annual AREUEA Conference Paper. Available at SSRN: https://ssrn.com/abstract=1717007

Mark J. Browne (Contact Author)

St. John's University - Peter J. Tobin College of Business ( email )

New York, NY
United States

Carolyn A. Dehring

University of Georgia - Department of Insurance, Legal Studies, Real Estate ( email )

Athens, GA 30602-6255
United States
706-542-3809 (Phone)

David L. Eckles

University of Georgia - Department of Insurance, Legal Studies, Real Estate ( email )

Athens, GA 30602-6254
United States

William D. Lastrapes

University of Georgia - C. Herman and Mary Virginia Terry College of Business - Department of Economics ( email )

Terry College of Business
Athens, GA 30602-6254
United States
706-542-3569 (Phone)
706-542-3376 (Fax)

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