@article{ref1,
title="Willingness to pay for hurricane-resistant home improvement programs: a choice experiment in Northeastern and Mid-Atlantic United States",
journal="Economics of disasters and climate change",
year="2017",
author="Vásquez, William F. and Mozumder, Pallab",
volume="1",
number="3",
pages="263-276",
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. <br><br>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.<p /> <p>Language: en</p>",
language="en",
issn="2511-1280",
doi="10.1007/s41885-017-0016-z",
url="http://dx.doi.org/10.1007/s41885-017-0016-z"
}