Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 01:48:45am WEST
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Daily Overview |
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Thematic Session: Economic and Policy Responses to Environmental Extremes: Institutions, Markets, Resilience, and Adaptation (Streaming) Location: B009 Session Chair: Wei Guo, University of California, Riverside | |
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Storm Surge Barrier Cuts Flood Risk and Welfare Losses but Exacerbates Distributional Inequality 1: Texas A&M University, Galveston Campus, Texas; 2: School of Public Policy, University of California, Riverside; 3: University of Michigan; 4: National Engineering Research Center of Port Hydraulic Construction Technology, Tianjin Institute for Water Transport Engineering, China This study investigates how public investment in a storm surge barrier shapes risks under evolving flooding conditions and influences private residential location decisions and welfare. Integrating an econometric sorting model with a hydrodynamic flood model and applying the framework to one of the most populated and flood-prone regions in the United States—the Houston–Galveston area of Texas-our estimates suggests that while all racial groups avoid floodplains, white and Asian households show higher willingness to pay for flood risk avoidance. Without the Texas Coastal Spine storm surge barrier system, sea level rise could cause a $6.6B welfare loss for coastal homeowners. The barrier reduces the aggregate losses by half, but benefits are unequally distributed—disproportionately favoring white homeowners—highlighting the need for equitable protection strategies. | |