Citation

Vásquez WF, Mozumder P. Econ. Disaster Clim. Chang. 2017; 1(3): 263-276.

Copyright

(Copyright © 2017, Springer International)

DOI

10.1007/s41885-017-0016-z

PMID

unavailable

Abstract

We conducted a choice experiment to investigate household preferences for a home improvement program that would make housing structures more resistant to hurricanes in Northeastern and Mid-Atlantic United States. The experimental design included four attributes with varying levels: certified home inspection, matching grant for home improvements, conditional insurance premium discount, and program fee. Respondents' choices were analyzed using scale-heterogeneity multinomial logit models in order to control for respondents' behavioral heterogeneity.

FINDINGS indicate that households would value a program that provides incentives in the form of matching grants for hurricane-resistant home improvements and conditional insurance discounts. Policy implications are discussed.

Language: en