The Impact of Emerging Climate Risks on Urban Real Estate Price Dynamics
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In the typical asset market, an asset featuring uninsurable idiosyncratic risk must offer a higher rate of return to compensate risk-averse investors. A home offers a standard asset's risk and return opportunities, but it also bundles access to its city's amenities|and to its climate risks. As
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美国国家经济研究局创建时间：
2014-03-01
