Flood risk management and real-estate prices: between prevention and “crowding out” effect

Adapting to climate change is a key challenge for metropolis, and it partly deals with population location and flood risk management. The objective of this article is to understand the way flood risk is actually taken into account in residential choices. To this end, we measure how flood risk influences property prices and in particular, we target two specific flood management public instruments: the flood risk prevention plan (PPRI) and the public insurance mechanism (CatNat). We applied the he