Keywords
Abstract
Flood buyout programs are designed to reduce long-term exposure by purchasing properties in high-risk areas, but their equity consequences depend strongly on funding rules, local fiscal capacity, and household heterogeneity. This topic examines equity-aware flood buyout policy under federal-local cost sharing. Game-theoretic analysis helps represent strategic interactions among federal agencies, local governments, and homeowners with different preferences and resources. Agent-based relocation modeling complements this perspective by simulating household participation under flood risk and policy incentives. Hyperspectral weak-signal detection is included as a methodological comparison for preventive risk governance, where early evidence is used before severe damage occurs. The literature direction emphasizes how risk reduction policies can unintentionally reproduce inequity when local governments and households face unequal financial constraints.
References
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