Estimating A Payment Vehicle For Financing Nourishment Of Residential Beaches Using A Spatial-Lag 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: https://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.
Estimating A Payment Vehicle For Financing Nourishment Of Residential Beaches Using A Spatial-Lag Hedonic Property Price Model
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Created on 5/30/2012
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Additional Information
- Publication
- Morgan, O. A., and Hamilton, S.E. (2010) “Estimating A Payment Vehicle For Financing Nourishment Of Residential Beaches Using A Spatial-Lag Hedonic Property Price Model.” Coastal Management, 38(1): 65-75 Version Of Record Available At www.tandfonline.com (ISSN: 1521-0421). [DOI: 10.1080/08920750903398287]
- Language: English
- Date: 2010