The Value of Building Codes

4 Pages Posted: 18 Jul 2006

See all articles by Carolyn A. Dehring

Carolyn A. Dehring

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

Abstract

This article examines Florida's Gulf Coast building code changes during the 1980s to determine how land market participants value building codes in high hazard areas, including those associated with the provision of federal flood insurance. The findings suggest either that market participants in high hazard areas want lower levels of building safety than government regulators, or that they do not fully understand the nature of hazard risk.

Keywords: Carolyn Dehring, Florida, Gulf Coast, building code, land market, federal flood insurance, high hazard areas, building safety, construction requirements, property values, housing codes, externality effect, CBZ

JEL Classification: H11, H89, L52, L51, L70, L74, L85

Suggested Citation

Dehring, Carolyn A., The Value of Building Codes. Regulation, Vol. 29, No. 2, pp. 10-13, Summer 2006, Available at SSRN: https://ssrn.com/abstract=917193

Carolyn A. Dehring (Contact Author)

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

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

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