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DTSTART;TZID=Europe/Paris:20200121T123000
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DTSTAMP:20200108T102343Z
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UID:4765-1579609800-1579613400@www.bse.u-bordeaux.fr
SUMMARY:Séminaire d'Economie: Cloé Garnache 21/01
DESCRIPTION:Agenda > Tous les événements\nCloé Garnache\nUniversity of Oslo\n \n« Does the Salience of Risk Affect Large\, Risky Asset Purchases? »\nAbstract: We document that when a Southern California home gets designated to a wildfire risk zone\, its price drops by about 11% relative to homes just outside the designation boundary. Whereas the risk designation is discontinuous\, the underlying risk is con-tinuous — suggesting the price effect is due to greater risk salience rather than greater risk. Moreover\, after a nearby fire prices of homes with a view of the burn scar are about 5% lower than those of otherwise similar homes for one year — an effect signifi-cant only for the first year post-fire and too large to be explained by visual disamenities alone. \n  \n 
URL:https://www.bse.u-bordeaux.fr/agenda/seminaire-deconomie-cloe-garnache/
LOCATION:Salle Manon Cormier\, Univ. Bordeaux\, 16 Avenue Léon Duguit\,\, Pessac\, 33600
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