Linking geodiversity and geosystem services to human well-being for the sustainable utilization of the subsurface and the urban environment.

Because the functions of the subsurface are hidden from view, its important role in society is often ignored or taken for granted. The subsurface is, however, an essential part of the global ecosystem with important contributions to human well-being. Geodiversity is an important characteristic in this respect.

Flood protection and endogenous sorting of households: the role of credit constraints.

Human migration is increasingly seen as a promising climate change adaptation and flood risk reduction strategy. The purpose of this paper is to investigate how spatial differences in flood risk, due to differences in flood protection, reduce the mobility of vulnerable households through a credit constraint mechanism. Using an equilibrium model with two households types and endogenous sorting, we show how spatial differences in flood protection lead to clustering of vulnerable households in a risky region, in a real-world setting of common United States (US) flood zones.