Modeling Real Estate Market Responses to Climate Change in the Coastal Zone

@article{Putra2015ModelingRE,
  title={Modeling Real Estate Market Responses to Climate Change in the Coastal Zone},
  author={Handi Chandra Putra and Haiyan Zhang and Clinton Andrews},
  journal={J. Artificial Societies and Social Simulation},
  year={2015},
  volume={18}
}
Changing flood risks threaten the value of billions of dollars worth of coastal real estate as well as the viability of coastal communities. This paper presents an agent-based model to capture some of the main features of the housing market that emerges from interactions between autonomous buyers and sellers. We use this model to investigate the adaptive responses of real estate markets to changing patterns of flooding and alternative flood insurance policies. The model includes interactions… CONTINUE READING

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