TY - JOUR T1 - Public Flood Risk Mitigation and the Homeowner’s Insurance Demand Response JF - Land Economics JO - Land Econ SP - 537 LP - 559 DO - 10.3368/le.98.4.061720-0088R2 VL - 98 IS - 4 AU - Stefan Borsky AU - Hannah Hennighausen Y1 - 2022/11/01 UR - http://le.uwpress.org/content/98/4/537.abstract N2 - This article investigates the influence of public risk mitigating activities on individuals’ decisions to privately mitigate their disaster risks through changes in their risk perceptions. We exploit heterogeneity in measures under the U.S. Community Rating System to empirically demonstrate that public investment in flood risk communication activities crowds in individuals’ flood insurance demand, while activities that lower the flood hazard residents face crowd out individuals’ flood insurance demand. We contribute to the discussion of the efficacy of disaster risk mitigation strategies and who ultimately bears the costs of natural disasters. ER -