Although flood maps were publicly accessible in Flanders (Belgium) prior to the reform, the policy ensured that risk information was prominently displayed in listing advertisements, making it salient early in the home-buying process (2/5)
The results suggest that well-designed, early-stage risk disclosure works! Especially when risks are less visible or for socioeconomically vulnerable households.
Link to the paper: papers.ssrn.com/sol3/papers.... (5/5)