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Estimating a Payment Vehicle for Financing Nourishment of Residential Beaches using a Spatial Autoregressive Hedonic Property Price Model

ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
Ashton Morgan Ph.D., Assistant Professor (Creator)
Institution
Appalachian State University (ASU )
Web Site: http://www.library.appstate.edu/

Abstract: Beach nourishment projects are common methods for coastal states to protect beaches and property from the natural erosive process. However, while the beneficiaries of beach nourishment tend to be local property owners and recreators, projects are typically funded at the state level. Based on the benefit principle, as local residents receive more of the erosion protection benefits of the nourishment projects, we estimate a value capture tax, designed to levy the financing burden in a manner that approximates the distribution of benefits. The benefits of nourishment projects to coastal property owners are estimated using the results from a spatial-lag hedonic model that controls for viewshed effects.

Additional Information

Publication
Morgan, O. A., and Hamilton, S.E. (2010) Estimating a Payment Vehicle for Financing Nourishment of Residential Beaches using a Spatial Autoregressive Hedonic Property Price Model. Coastal Management, 38(1): 65-75 (Jan/Feb 2010). Published by Taylor & Francis (ISSN: 1521-0421). DOI: 10.1080/08920750903398287
Language: English
Date: 2010