Shoreline defense against climate change and capitalized impact of beach nourishment
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jeem.2018.08.013
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Timmins, Christopher & Murdock, Jennifer, 2007. "A revealed preference approach to the measurement of congestion in travel cost models," Journal of Environmental Economics and Management, Elsevier, vol. 53(2), pages 230-249, March.
- Lucija Muehlenbachs & Elisheba Spiller & Christopher Timmins, 2015.
"The Housing Market Impacts of Shale Gas Development,"
American Economic Review, American Economic Association, vol. 105(12), pages 3633-3659, December.
- Muehlenbachs, Lucija & Spiller, Elisheba & Timmins, Christopher, "undated". "The Housing Market Impacts of Shale Gas Development," RFF Working Paper Series dp-13-39-rev, Resources for the Future.
- Lucija Muehlenbachs & Elisheba Spiller & Christopher Timmins, 2014. "The Housing Market Impacts of Shale Gas Development," NBER Working Papers 19796, National Bureau of Economic Research, Inc.
- Muehlenbachs, Lucia Anna & Spiller, Elisheba & Timmins, Christopher, 2013. "The Housing Market Impacts of Shale Gas Development," RFF Working Paper Series dp-13-39-rev2, Resources for the Future.
- Muehlenbachs, Lucija & Spiller, Elisheba & Timmins, Christopher, 2013. "The Housing Market Impacts of Shale Gas Development," RFF Working Paper Series dp-13-39, Resources for the Future.
- Leggett, Christopher G. & Bockstael, Nancy E., 2000. "Evidence of the Effects of Water Quality on Residential Land Prices," Journal of Environmental Economics and Management, Elsevier, vol. 39(2), pages 121-144, March.
- Smith, Martin D. & Slott, Jordan M. & McNamara, Dylan & Brad Murray, A., 2009. "Beach nourishment as a dynamic capital accumulation problem," Journal of Environmental Economics and Management, Elsevier, vol. 58(1), pages 58-71, July.
- Gopalakrishnan, Sathya & Smith, Martin D. & Slott, Jordan M. & Murray, A. Brad, 2011.
"The value of disappearing beaches: A hedonic pricing model with endogenous beach width,"
Journal of Environmental Economics and Management, Elsevier, vol. 61(3), pages 297-310, May.
- Gopalakrishnan, Sathya & Smith, Martin D. & Slott, Jordan M. & Murray, A. Brad, 2009. "The Value of Disappearing Beaches: A hedonic pricing model with endogenous beach width," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49261, Agricultural and Applied Economics Association.
- Don N. MacDonald & James C. Murdoch & Harry L. White, 1987. "Uncertain Hazards, Insurance, and Consumer Choice: Evidence from Housing Markets," Land Economics, University of Wisconsin Press, vol. 63(4), pages 361-371.
- Brookshire, David S, et al, 1982. "Valuing Public Goods: A Comparison of Survey and Hedonic Approaches," American Economic Review, American Economic Association, vol. 72(1), pages 165-177, March.
- Iacus, Stefano M. & King, Gary & Porro, Giuseppe, 2011.
"Multivariate Matching Methods That Are Monotonic Imbalance Bounding,"
Journal of the American Statistical Association, American Statistical Association, vol. 106(493), pages 345-361.
- Stefano Iacus & Gary King & Giuseppe Porro, 2009. "Multivariate Matching Methods That are Monotonic Imbalance Bounding," UNIMI - Research Papers in Economics, Business, and Statistics unimi-1089, Universitá degli Studi di Milano.
- Stefano Maria IACUS & Gary KING & Giuseppe PORRO, 2009. "Multivariate matching methods that are monotonic imbalance bounding," Departmental Working Papers 2009-51, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
- V. Kerry Smith, 1985. "Supply Uncertainty, Option Price, and Indirect Benefit Estimation," Land Economics, University of Wisconsin Press, vol. 64(3), pages 303-307.
- Craig E. Landry & Paul Hindsley, 2011. "Valuing Beach Quality with Hedonic Property Models," Land Economics, University of Wisconsin Press, vol. 87(1), pages 92-108.
- Hallstrom, Daniel G. & Smith, V. Kerry, 2005. "Market responses to hurricanes," Journal of Environmental Economics and Management, Elsevier, vol. 50(3), pages 541-561, November.
- Kevin M. Simmons & Jamie Brown Kruse & Douglas A. Smith, 2002. "Valuing Mitigation: Real Estate Market Response to Hurricane Loss Reduction Measures," Southern Economic Journal, John Wiley & Sons, vol. 68(3), pages 660-671, January.
- Sathya Gopalakrishnan & Dylan McNamara & Martin D. Smith & A. Brad Murray, 2017. "Decentralized Management Hinders Coastal Climate Adaptation: The Spatial-dynamics of Beach Nourishment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(4), pages 761-787, August.
- Sathya Gopalakrishnan & Craig E. Landry & Martin D. Smith & John C. Whitehead, 2016. "Economics of Coastal Erosion and Adaptation to Sea Level Rise," Annual Review of Resource Economics, Annual Reviews, vol. 8(1), pages 119-139, October.
- Okmyung Bin & Jamie Brown Kruse & Craig E. Landry, 2008. "Flood Hazards, Insurance Rates, and Amenities: Evidence From the Coastal Housing Market," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 75(1), pages 63-82, March.
- Bastian, Chris T. & McLeod, Donald M. & Germino, Matthew J. & Reiners, William A. & Blasko, Benedict J., 2002. "Environmental amenities and agricultural land values: a hedonic model using geographic information systems data," Ecological Economics, Elsevier, vol. 40(3), pages 337-349, March.
- Ajita Atreya & Susana Ferreira & Warren Kriesel, 2013. "Forgetting the Flood? An Analysis of the Flood Risk Discount over Time," Land Economics, University of Wisconsin Press, vol. 89(4), pages 577-596.
- Carolyn Kousky, 2010. "Learning from Extreme Events: Risk Perceptions after the Flood," Land Economics, University of Wisconsin Press, vol. 86(3).
- Stephen Gibbons & Stephen Machin, 2008. "Valuing school quality, better transport, and lower crime: evidence from house prices," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 24(1), pages 99-119, spring.
- Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
- Geoghegan, Jacqueline & Wainger, Lisa A. & Bockstael, Nancy E., 1997. "Spatial landscape indices in a hedonic framework: an ecological economics analysis using GIS," Ecological Economics, Elsevier, vol. 23(3), pages 251-264, December.
- Paul J. Ferraro & Juan José Miranda, 2017. "Panel Data Designs and Estimators as Substitutes for Randomized Controlled Trials in the Evaluation of Public Programs," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 4(1), pages 281-317.
- Whitehead, John C. & Haab, Timothy C. & Huang, Ju-Chin, 2000.
"Measuring recreation benefits of quality improvements with revealed and stated behavior data,"
Resource and Energy Economics, Elsevier, vol. 22(4), pages 339-354, October.
- John C. Whitehead & Timothy C. Haab & Ju-Chin Huang, 1999. "Measuring Recreation Benefits of Quality Improvements with Revealed and Stated Behavior Data," Working Papers 9902, East Carolina University, Department of Economics.
- Brown, Gardner M, Jr & Pollakowski, Henry O, 1977. "Economic Valuation of Shoreline," The Review of Economics and Statistics, MIT Press, vol. 59(3), pages 272-278, August.
- Fell, Harrison & Kousky, Carolyn, 2015. "The value of levee protection to commercial properties," Ecological Economics, Elsevier, vol. 119(C), pages 181-188.
- Ajita Atreya & Susana Ferreira, 2015. "Seeing is Believing? Evidence from Property Prices in Inundated Areas," Risk Analysis, John Wiley & Sons, vol. 35(5), pages 828-848, May.
- Corral, Leonardo R. & Schling, Maja, 2017. "The impact of shoreline stabilization on economic growth in small island developing states," Journal of Environmental Economics and Management, Elsevier, vol. 86(C), pages 210-228.
- Won Kim, Chong & Phipps, Tim T. & Anselin, Luc, 2003.
"Measuring the benefits of air quality improvement: a spatial hedonic approach,"
Journal of Environmental Economics and Management, Elsevier, vol. 45(1), pages 24-39, January.
- Kim, Chong Won & Phipps, Tim T. & Anselin, Luc, 1998. "Measuring The Benefits Of Air Quality Improvement: A Spatial Hedonic Approach," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20959, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Iacus, Stefano M. & King, Gary & Porro, Giuseppe, 2012. "Causal Inference without Balance Checking: Coarsened Exact Matching," Political Analysis, Cambridge University Press, vol. 20(1), pages 1-24, January.
- Bin, Okmyung & Landry, Craig E., 2013. "Changes in implicit flood risk premiums: Empirical evidence from the housing market," Journal of Environmental Economics and Management, Elsevier, vol. 65(3), pages 361-376.
- Nicolai V. Kuminoff & Jaren C. Pope, 2014. "Do “Capitalization Effects” For Public Goods Reveal The Public'S Willingness To Pay?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 55, pages 1227-1250, November.
- Sathya Gopalakrishnan & Craig E Landry & Martin D Smith, 2018. "Climate Change Adaptation in Coastal Environments: Modeling Challenges for Resource and Environmental Economists," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 48-68.
- Dundas, Steven J., 2017. "Benefits and ancillary costs of natural infrastructure: Evidence from the New Jersey coast," Journal of Environmental Economics and Management, Elsevier, vol. 85(C), pages 62-80.
- Okmyung Biny & Stephen Polasky, 2004. "Effects of Flood Hazards on Property Values: Evidence Before and After Hurricane Floyd," Land Economics, University of Wisconsin Press, vol. 80(4).
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Hashida, Yukiko & Dundas, Steven J., 2023. "The effects of a voluntary property buyout and acquisition program on coastal housing markets: Evidence from New York," Journal of Environmental Economics and Management, Elsevier, vol. 121(C).
- Alexandra Toimil & Iñigo J. Losada & Moisés Álvarez-Cuesta & Gonéri Cozannet, 2023. "Demonstrating the value of beaches for adaptation to future coastal flood risk," Nature Communications, Nature, vol. 14(1), pages 1-11, December.
- Dennis Schüpf & Lisa E. F. Schipper & Nithya Kuppusami, 2025. "Disrupted Sand Flows, Artisanal Fishers, and the Making of Coastal Protection in Southern India," Ocean and Society, Cogitatio Press, vol. 2.
- Dylan E. McNamara & Martin D. Smith & Zachary Williams & Sathya Gopalakrishnan & Craig E. Landry, 2024. "Policy and market forces delay real estate price declines on the US coast," Nature Communications, Nature, vol. 15(1), pages 1-16, December.
- Wolf, David & Takeuchi, Kenji, 2022. "Holding back the storm: Dam capitalization in residential and commercial property values," Journal of Environmental Economics and Management, Elsevier, vol. 116(C).
- Colleen Healey & Eman Ghoneim & Ai Ning Loh & Yalei You, 2024. "Predicting Land Cover Using a GIS-Based Markov Chain and Sea Level Inundation for a Coastal Area," Land, MDPI, vol. 13(6), pages 1-23, May.
- Yun Qiu & Sathya Gopalakrishnan & H. Allen Klaiber & Xiaoyu Li, 2020. "Dredging the sand commons: the economic and geophysical drivers of beach nourishment," Climatic Change, Springer, vol. 162(2), pages 363-383, September.
- Abbie A. Rogers & Fiona L. Dempster & Jacob I. Hawkins & Robert J. Johnston & Peter C. Boxall & John Rolfe & Marit E. Kragt & Michael P. Burton & David J. Pannell, 2019. "Valuing non-market economic impacts from natural hazards," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 99(2), pages 1131-1161, November.
- Jesse M. Keenan & Jacob T. Bradt, 2020. "Underwaterwriting: from theory to empiricism in regional mortgage markets in the U.S," Climatic Change, Springer, vol. 162(4), pages 2043-2067, October.
- Beasley, W. Jason & Dundas, Steven J., 2021. "Hold the line: Modeling private coastal adaptation through shoreline armoring decisions," Journal of Environmental Economics and Management, Elsevier, vol. 105(C).
- Beltrán, Allan & Maddison, David & Elliott, Robert, 2019. "The impact of flooding on property prices: A repeat-sales approach," Journal of Environmental Economics and Management, Elsevier, vol. 95(C), pages 62-86.
- Craig E. Landry & Dylan Turner & Tom Allen, 2022. "Hedonic property prices and coastal beach width," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(3), pages 1373-1392, September.
- Parton, Lee C. & Dundas, Steven J., 2020. "Fall in the sea, eventually? A green paradox in climate adaptation for coastal housing markets," Journal of Environmental Economics and Management, Elsevier, vol. 104(C).
- David Wolf & Kenji Takeuchi, 2022. "Who Gives a Dam? Capitalization of Flood Protection in Fukuoka, Japan," Discussion Papers 2203, Graduate School of Economics, Kobe University.
- Weeks, Kelly & Safa, Mahdi & Kenyon, George & Levius, Seon, 2020. "Offshore multi-purpose platform efficacy by U.S. coastal areas," Renewable Energy, Elsevier, vol. 152(C), pages 1451-1464.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Meri Davlasheridze & Qin Fan, 2019. "Valuing Seawall Protection in the Wake of Hurricane Ike," Economics of Disasters and Climate Change, Springer, vol. 3(3), pages 257-279, October.
- Yun Qiu & Sathya Gopalakrishnan & H. Allen Klaiber & Xiaoyu Li, 2020. "Dredging the sand commons: the economic and geophysical drivers of beach nourishment," Climatic Change, Springer, vol. 162(2), pages 363-383, September.
- Beltrán, Allan & Maddison, David & Elliott, Robert, 2019. "The impact of flooding on property prices: A repeat-sales approach," Journal of Environmental Economics and Management, Elsevier, vol. 95(C), pages 62-86.
- Allan Beltrán & David Maddison & Robert J. R. Elliott, 2018.
"Assessing the Economic Benefits of Flood Defenses: A Repeat‐Sales Approach,"
Risk Analysis, John Wiley & Sons, vol. 38(11), pages 2340-2367, November.
- Beltrán, Allan & Maddison, David & Elliott, Robert J. R., 2018. "Assessing the economic benefits of flood defenses: a repeat-sales approach," LSE Research Online Documents on Economics 90207, London School of Economics and Political Science, LSE Library.
- James R. Meldrum, 2016. "Floodplain Price Impacts by Property Type in Boulder County, Colorado: Condominiums Versus Standalone Properties," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(4), pages 725-750, August.
- Seung Kyum Kim, 2020. "The Economic Effects of Climate Change Adaptation Measures: Evidence from Miami-Dade County and New York City," Sustainability, MDPI, vol. 12(3), pages 1-19, February.
- Graff Zivin, Joshua & Liao, Yanjun & Panassié, Yann, 2023.
"How hurricanes sweep up housing markets: Evidence from Florida,"
Journal of Environmental Economics and Management, Elsevier, vol. 118(C).
- Joshua S. Graff Zivin & Yanjun Liao & Yann Panassie, 2020. "How Hurricanes Sweep Up Housing Markets: Evidence from Florida," NBER Working Papers 27542, National Bureau of Economic Research, Inc.
- Mutlu, Asli & Roy, Debraj & Filatova, Tatiana, 2023. "Capitalized value of evolving flood risks discount and nature-based solution premiums on property prices," Ecological Economics, Elsevier, vol. 205(C).
- Laura A. Bakkensen & Xiaozhou Ding & Lala Ma, 2019. "Flood Risk and Salience: New Evidence from the Sunshine State," Southern Economic Journal, John Wiley & Sons, vol. 85(4), pages 1132-1158, April.
- José Armando Cobián Álvarez & Budy P. Resosudarmo, 2019.
"The cost of floods in developing countries’ megacities: a hedonic price analysis of the Jakarta housing market, Indonesia,"
Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 21(4), pages 555-577, October.
- José Cobián Álvarez & Budy P. Resosudarmo, 2018. "The cost of floods in developing countries’ megacities: A hedonic price analysis of the Jakarta housing market, Indonesia," Departmental Working Papers 2018-05, The Australian National University, Arndt-Corden Department of Economics.
- David Wolf & Kenji Takeuchi, 2022. "Who Gives a Dam? Capitalization of Flood Protection in Fukuoka, Japan," Discussion Papers 2203, Graduate School of Economics, Kobe University.
- Patrick Doupe & Leo Dobes & Frank Jotzo, 2019. "Improving Understanding of Flood Risk: the Effects of Lowering the Cost of Accessing Flood Risk Information," Economics of Disasters and Climate Change, Springer, vol. 3(2), pages 101-117, July.
- Koen de Koning & Tatiana Filatova & Okmyung Bin, 2019. "Capitalization of Flood Insurance and Risk Perceptions in Housing Prices: An Empirical Agent‐Based Model Approach," Southern Economic Journal, John Wiley & Sons, vol. 85(4), pages 1159-1179, April.
- Netusil, Noelwah R. & Moeltner, Klaus & Jarrad, Maya, 2019. "Floodplain designation and property sale prices in an urban watershed," Land Use Policy, Elsevier, vol. 88(C).
- Justin Contat & Carrie Hopkins & Luis Mejia & Matthew Suandi, 2024.
"When climate meets real estate: A survey of the literature,"
Real Estate Economics, American Real Estate and Urban Economics Association, vol. 52(3), pages 618-659, May.
- Justin Contat & Caroline Hopkins & Luis Mejia & Matthew Suandi, 2023. "When Climate Meets Real Estate: A Survey of the Literature," FHFA Staff Working Papers 23-05, Federal Housing Finance Agency.
- Dundas, Steven J., 2017. "Benefits and ancillary costs of natural infrastructure: Evidence from the New Jersey coast," Journal of Environmental Economics and Management, Elsevier, vol. 85(C), pages 62-80.
- Lei Zhang & Tammy Leonard, 2019. "Flood Hazards Impact on Neighborhood House Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 58(4), pages 656-674, May.
- Jean Dubé & Maha AbdelHalim & Nicolas Devaux, 2021. "Evaluating the Impact of Floods on Housing Price Using a Spatial Matching Difference-In-Differences (SM-DID) Approach," Sustainability, MDPI, vol. 13(2), pages 1-15, January.
- Matthew Gibson & Jamie T. Mullins & Alison Hill, 2019. "Climate Risk and Beliefs: Evidence from New York Floodplains," Department of Economics Working Papers 2019-02, Department of Economics, Williams College.
- Beasley, W. Jason & Dundas, Steven J., 2021. "Hold the line: Modeling private coastal adaptation through shoreline armoring decisions," Journal of Environmental Economics and Management, Elsevier, vol. 105(C).
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jeeman:v:92:y:2018:i:c:p:134-147. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622870 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.