Trade-off between benefit from the ocean and flood hazard risk: A spatial multilevel hedonic analysis

Daisuke Murakami, Yoshiki Yamagata

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Bayside residential areas, which enjoy scenic ocean view, are very often attractive, and many parsons prefer living in bayside areas. However, many of bayside areas are also flood prone areas. For example, a popular residential area of Yokohama city, Japan, is predicted to suffer a serious flood damage after great earthquakes. The objective of this study is to analyze the trade-off between benefits and risks from the ocean, and provide some insights toward hazard adaptive/resilient urban design. We first perform a hedonic analysis of condominium prices, and quantify values of ocean-related attributes, including ocean view and proximity to the ocean, and the (negative) value of the flood hazard risk. Here, a multilevel spatial hedonic model is used. Then, desirable bayside urban form under the trade-off is discussed based on these analyses results.

Original languageEnglish
Title of host publicationCUPUM 2015 - 14th International Conference on Computers in Urban Planning and Urban Management
PublisherCUPUM
ISBN (Electronic)9780692474341
Publication statusPublished - 2015
Externally publishedYes
Event14th International Conference on Computers in Urban Planning and Urban Management, CUPUM 2015 - Cambridge, United States
Duration: 2015 Jul 72015 Jul 10

Publication series

NameCUPUM 2015 - 14th International Conference on Computers in Urban Planning and Urban Management

Conference

Conference14th International Conference on Computers in Urban Planning and Urban Management, CUPUM 2015
Country/TerritoryUnited States
CityCambridge
Period15/7/715/7/10

ASJC Scopus subject areas

  • Environmental Engineering
  • Geography, Planning and Development
  • Urban Studies
  • Ecology
  • Civil and Structural Engineering

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