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, 01:52:40am WEST
External resources will be made available 30 min before a session starts. You may have to reload the page to access the resources.
|
Daily Overview |
| Session | |
|
Natural Resources, Climate and Development Location: B133 Session Chair: Yuetong Zhang, UNC-Chapel Hill | |
    | |
Permission to Build: Climate Risk and Property Tax Revenue Hong Kong University of Science and Technology (Guangzhou), China, People's Republic of This paper examines the effects of state-level building codes on housing development in wildfire-prone areas of California. Using a spatial regression discontinuity design around regulatory boundaries, I find a significant decrease in housing development and taxable property value in regulated areas. Next, I examine why state intervention is necessary, given that climate adaptation is typically implemented by local governments. I propose a conceptual model that illustrates how the perverse incentive to gain property tax revenue can lead to a distortion in the decision making of local governments. Empirically testing the model, I find that the effects of the state regulation are larger where local jurisdictions have a higher dependency on property tax revenue. The study results shed light more generally on the challenges of climate adaptation (e.g. managed retreat) when property tax incentives may create inefficient local government policies to correct housing market failures. | |