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House Prices and a Flood Event: An Empirical Investigation of Market Efficiency
9 references·1 citing·36 second hop
House Prices and a Flood Event: An Empirical Investigation of Market Efficiency (1987)House Prices and a Flood Event: An Empiri…The Adjustment of Stock Prices to New Information (2003)The Adjustment of Stock Price…Flood insurance, wealth redistribution, and urban property values (1989)Flood insurance, wealth redis…Public Information and Abnormal Returns in Real Estate Investment (1985)Public Information and Abnorm…WEAK FORM TESTS OF THE EFFICIENCY OF REAL ESTATE INVESTMENT MARKETS (1984)WEAK FORM TESTS OF THE EFFICI…Measuring environmental effects on property values without hedonic regressions (1982)Measuring environmental effec…Some empirical results on the nature of the hedonic price function for the urban housing market (1980)Some empirical results on the…Asset returns and inflation (1977)Asset returns and inflationHedonic Prices and Implicit Markets: Product Differentiation in Pure Competition (1974)Hedonic Prices and Implicit M…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)EFFICIENT CAPITAL MARKETS: A …THE FLOOD HAZARD AND DYNAMICS OF THE URBAN RESIDENTIAL LAND MARKET1 (1994)THE FLOOD HAZARD AND DYNAMICS…The Pure Theory of Public Expenditure (1954)A Pure Theory of Local Expenditures (1956)Regulation and Capitalization of Environmental Amenities: Evidence from the Toxic Release Inventory in Massachusetts (2003)Planes, Trains, and Automobiles: The Impact of Traffic Noise on House Prices (2004)Values in the Wind: A Hedonic Analysis of Wind Power Facilities (2012)Measuring the Value of Housing Quality (1970)Production, Information Costs and Economic Organization (1996)The Role of Insurance in Reducing Direct Risk - The Case of Flood Insurance (2014)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Expected stock returns and volatility (1987)Efficient Capital Markets: II (1991)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Time Series Analysis: Forecasting and Control (1977)Imperfect Information and Investor Inferences From Housing Price Dynamics (1995)HOUSING PRICE DIFFUSSION PATTERNS AT DIFFERENT AGGREGATION LEVELS: AN EXAMINATION OF HOUSING MARKET EFFICIENCY (1997)Housing price dynamics and bubble risk: the case of Turkey (2017)Household Production and Consumption (1976)The choice of functional forms for hedonic price equations: Comment (1985)What Happened to the CBD-Distance Gradient?: Land Values in a Policentric City (1989)"Property Values Drop When Blacks Move in, Because...": Racial and Socioeconomic Determinants of Neighborhood Desirability (1999)Dividend Policy, Growth, and the Valuation of Shares (1961)The Behavior of Stock-Market Prices (1965)Risk, Return, and Equilibrium: Empirical Tests (1973)Assessment of research on natural hazards (1975)A Test of the Expected Utility Model: Evidence from Earthquake Risks (1985)The Federal Emergency Management Agency (2011)Wages, Rents, and the Quality of Life (1982)Customer Satisfaction, Market Share, and Profitability: Findings From Sweden (1994)Skills, Tasks and Technologies: Implications for Employment and Earnings (2011)The Property Market: Ninety Per Cent Efficient? (1995)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Users of the world, unite! The challenges and opportunities of Social Media (2009)
this work references cited by second hop

References

  • 1970EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*15,723 cited
  • 1974Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition10,715 cited
  • 2003The Adjustment of Stock Prices to New Information3,063 cited
  • 1977Asset returns and inflation2,701 cited
  • 1980Some empirical results on the nature of the hedonic price function for the urban housing market303 cited
  • 1982Measuring environmental effects on property values without hedonic regressions187 cited
  • 1989Flood insurance, wealth redistribution, and urban property values88 cited
  • 1984WEAK FORM TESTS OF THE EFFICIENCY OF REAL ESTATE INVESTMENT MARKETS86 cited
  • 1985Public Information and Abnormal Returns in Real Estate Investment71 cited

Cited by

  • 1994THE FLOOD HAZARD AND DYNAMICS OF THE URBAN RESIDENTIAL LAND MARKET173 cited

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