Coastal Erosion as a Natural Resource Management Problem: An Economic Perspective

References

• Benson , E. , Hansen , J. , Schwartz , A. and Smersh , G. 1998 . Pricing residential amenities: The value of a view . Journal of Real Estate Finance and Economics , 16 : 55 – 73 .
   Web of Science ®Google Scholar
• Bin , O. , Landry , C. E. , Ellis , C. and Vogelsong , H. 2005 . Some consumer surplus estimates for North Carolina beaches . Marine Resource Economics , 20 ( 2 ) : 145 – 161 .
   Google Scholar
• Bin , O. , Crawford , T. , Kruse , J. B. and Landry , C. E. 2008 . Viewscapes and flood hazard: Coastal housing market response to amenities and risk . Land Economics , 84 ( 3 ) : 434 – 448 .
   Web of Science ®Google Scholar
• Bin , O. , Kruse , J. B. and Landry , C. E. 2008 . Flood hazards, insurance rates, and amenities: Evidence from the coastal housing market . Journal of Risk and Insurance , 75 ( 1 ) : 63 – 82 .
   Web of Science ®Google Scholar
• Chiang , Alpha . 1992 . Elements of dynamic optimization , New York : McGraw-Hill Publishing .
   Google Scholar
• Cooper , J. A. G. and McKenna , J. 2008 . Social justice in coastal erosion management: The temporal and spatial dimensions . Geoforum , 39 : 294 – 306 .
   Web of Science ®Google Scholar
• Earnhart , D. 2001 . Combining revealed and stated preference methods to value environmental amenities at residential locations . Land Economics , 77 : 12 – 29 .
   Web of Science ®Google Scholar
• Faustmann , M. 1849 . “ Berechnung des Wertes welchen Waldboden sowie noch nich haubare Holzbestände für die Waldwirtschaft besitzen ” . In Allgemeine Forst- und Jagd-Zeitung 15 ; translated into English by W. Linnard and reprinted in Journal of Forest Economics 1:7–44 (1995)
   Google Scholar
• Galgano , F. A. and Douglas , B. C. 2000 . Shoreline position prediction: Methods and errors . Environmental Geosciences , 7 ( 1 ) : 23 – 31 .
   Google Scholar
• Gopalakrishnan , S. , Smith , M. D. , Slott , J. M. and Murray , A. B. 2011 . The value of disappearing beaches: A hedonic pricing model with endogenous beach width . Journal of Environmental Economics and Management , (in press).
   Google Scholar
• Gordon , H. S. 1954 . The economic theory of a common-property resource: The fishery . Journal of Political Economy , 62 : 124 – 142 .
   Web of Science ®Google Scholar
• Gravens , M. B. , Males , R. M. and Moser , D. A. 2007 . Beach-fx: Monte Carlo life-cycle simulation model for estimating shore protection project evolution and cost benefit analyses . Shore and Beach , 75 ( 1 ) : 12 – 19 .
   Google Scholar
• Greene , K. 2002 . “ Beach nourishment: A review of the biological and physical impacts, Atlantic States Marine Fisheries Commission habitat management series # 7 ” .
   Google Scholar
• Heinz , H. J. III and Center for Science, Economics, and the Environment . 2000 . Evaluation of erosion hazards , Prepared for Federal Emergency Management Agency: Contract EMW-97-CO-0375 .
   Google Scholar
• Hoyos , C. D. , Agudelo , P. A. , Webster , P. J. and Curry , J. A. 2006 . Deconvolution of the factors contributing to the increase in global hurricane intensity . Science , 312 : 94 – 97 .
   PubMed Web of Science ®Google Scholar
• Hotelling , H. 1931 . The economics of exhaustible resources . Journal of Political Economy , 39 : 137 – 175 .
   Web of Science ®Google Scholar
• Huang , J. C. , Poor , P. J. and Zhao , M. Q. 2007 . Economic valuation of beach erosion control . Marine Resource Economics , 22 ( 3 ) : 221 – 238 .
   Google Scholar
• IPCC (Intergovernmental Panel on Climate Change) . 2007 . Synthesis report: Summary for policymakers , New York : United Nations .
   Google Scholar
• Kulshreshtha , S. and Gillies , A. 1993 . Economic evaluation of aesthetic amenities: A case study of river view . Water Resources Bulletin , 29 : 257 – 266 .
   Google Scholar
• Landry , C. E. , Keeler , A. G. and Kriesel , W. 2003 . An economic evaluation of beach erosion management alternatives . Marine Resource Economics , 18 ( 2 ) : 105 – 127 .
   Google Scholar
• Landry , C. E. 2004 . “ A general model of Barrier Island erosion management—With application to optimal response under sea level rise, Ph.D. Dissertation ” . College Park : University of Maryland .
   Google Scholar
• Landry , C. E. and McConnell , K. E. 2007 . Hedonic onsite cost model of recreation demand . Land Economics , 83 ( 2 ) : 253 – 267 .
   Web of Science ®Google Scholar
• Landry , C. E. 2008 . “ Optimal erosion management on developed Barrier Island beaches ” . Greenville, NC : Working Paper, East Carolina University .
   Google Scholar
• Landry , C. E. , Allen , T. , Cherry , T. and Whitehead , J. C. 2010 . “ Wind turbines and coastal recreation demand ” . Greenville, NC : Working Paper, East Carolina University .
   Google Scholar
• Landry , C. E. 2010 . “ Coastal erosion as a natural resource management problem: The state of economic science ” . Greenville, NC : Working Paper, Department of Economics and Center for Natural Hazards Research, East Carolina University .
   Google Scholar
• Landry , C. E. and Hindsley , P. 2011 . Valuing beach quality with hedonic property models (in press) . Land Economics , 87 ( 1 )
   Google Scholar
• Lansford , N. and Jones , L. 1995 . Marginal price of lake recreation and aesthetics: An hedonic approach . Journal of Agricultural and Applied Economics , 27 ( 1 ) : 212 – 223 .
   Google Scholar
• Lew , D. K. and Larson , D. M. 2008 . Valuing a beach day with a repeated nested logit model of participation, site choice, and stochastic time value . Marine Resource Economics , 23 ( 3 ) : 233 – 252 .
   Web of Science ®Google Scholar
• McConnell , K. E. 1977 . Congestion and willingness to pay: A study of beach use . Land Economics , 53 ( 2 ) : 185 – 195 .
   Web of Science ®Google Scholar
• McConnell , K. E. and Tseng , W. C. 2000 . Some preliminary evidence on sampling of alternatives with the random parameters logit . Marine Resource Economics , 14 : 317 – 332 .
   Google Scholar
• Milon , J. , Gressel , J. and Mulkey , D. 1984 . Hedonic amenity valuation and functional form specification . Land Economics , 60 : 378 – 387 .
   Web of Science ®Google Scholar
• NOAA (National Oceanic and Atmospheric Administration) . 2010 . “ Beach nourishment: A guide for local government officials: History and evolution of laws relating to beach nourishment ” . Charleston, SC : Coastal Services Center . http://www.csc.noaa.gov/beachnourishment/html/human/law/history.htm (accessed September 2010)
   Google Scholar
• Palmquist , R. 2006 . “ Property value models ” . In Handbook of Environmental Economics 2 , Edited by: Maler , K.-G. and Vincent , J. 763 – 819 . North Holland : Elsevier .
   Google Scholar
• Parsons , G. R. , Massey , D. M. and Tomasi , T. 2000 . Familiar and favorite sites in a random utility model of beach recreation . Marine Resource Economics , 14 : 299 – 315 .
   Google Scholar
• Parsons , G. R. and Powell , M. 2001 . Measuring the cost of beach retreat . Coastal Management , 29 : 91 – 103 .
   Web of Science ®Google Scholar
• Pompe , J. J. and Rinehart , J. R. 1995 . Beach quality and the enhancement of recreational property values . Journal of Leisure Research , 27 ( 2 ) : 143 – 154 .
   Web of Science ®Google Scholar
• Pompe , J. J. and Rinehart , J. R. 1999 . Establishing fees for beach protection: Paying for a public good . Coastal Management , 27 : 57 – 67 .
   Web of Science ®Google Scholar
• Pompe , J. 2008 . The effect of gated community on property and beach amenity valuation . Land Economics , 83 ( 4 ) : 423 – 433 .
   Google Scholar
• Rosen , S. 1974 . Hedonic prices and implicit markets: Product differentiation in pure competition . Journal of Political Economy , 82 ( 1 ) : 34 – 55 .
   Web of Science ®Google Scholar
• Shabman , L. and Bertelson , M. 1979 . The use of development value estimates for coastal wetland permit decisions . Land Economics , 55 : 213 – 222 .
   Web of Science ®Google Scholar
• Shivlani , M. P. , Letson , D. and Theis , M. 2003 . Visitor preferences for public beach amenities in South Florida . Coastal Management , 31 : 367 – 385 .
   Google Scholar
• Silberman , J. and Klock , M. 1988 . The recreational benefits of beach renourishment . Ocean and Shoreline Management , 11 : 73 – 90 .
   Google Scholar
• Silberman , J. , Gerlowski , D. A. and Williams , N. A. 1992 . Estimating existence value for users and nonusers of New Jersey beaches . Land Economics , 68 ( 2 ) : 225 – 236 .
   Google Scholar
• Slott , J. M. , Smith , M. D. and Murray , A. B. 2008 . Synergies between adjacent beach-nourishing communities in a morpho-economic coupled coastline model . Coastal Management , 36 : 374 – 391 .
   Web of Science ®Google Scholar
• Smith , M. D. , McNamara , D. , Slott , J. M. and Murray , A. B. 2009 . Beach nourishment as a dynamic capital accumulation problem . Journal of Environmental Economics and Management , 58 ( 1 ) : 58 – 71 .
   Web of Science ®Google Scholar
• Speybroek , J. , Bonte , D. , Courtens , W. , Gheskiere , T. , Grootaert , P. , Maelfait , J. P. Maths , M. 2006 . Beach nourishment: An ecologically sound coastal defence Alternative? A review . Aquatic Conservation: Marine and Freshwater Systems , 16 : 419 – 435 .
   Web of Science ®Google Scholar
• USACE (United States Army Corps of Engineers) . 1983 . “ Economic and Environmental Principles and Guidelines for Water and Related Land Resources Implementation Studies ” . Washington, DC : U.S. Water Resources Council, Department of the Army .
   Google Scholar
• USACE . 2000 . Planning Guidance Notebook , Washington, DC : ER 1105-2-100, Department of the Army .
   Google Scholar
• Van Houtven , G. and Poulos , C. 2009 . Valuing welfare impacts of beach erosion: An application of the structural benefit transfer method . American Journal of Agricultural Economics , 91 : 1343 – 1350 .
   Google Scholar
• von Haefen , R. H. , Phaneuf , D. J. and Parsons , G. R. 2004 . Estimation and welfare analysis with large demand systems . Journal of Business & Economic Statistics , 22 ( 2 ) : 194 – 205 .
   Web of Science ®Google Scholar
• Whitehead , J. C. , Dumas , C. F. , Herstine , J. , Hill , J. and Buerger , B. 2008 . Valuing beach access and width with revealed and stated preference data . Marine Resource Economics , 23 ( 2 ) : 119 – 135 .
   Web of Science ®Google Scholar
• Whitehead , J. C. , Phaneuf , D. , Dumas , C. F. , Herstine , J. , Hill , J. and Buerger , B. 2010 . Convergent validity of revealed and stated recreation behavior with quality change: A comparison of multiple and single site demands . Environmental & Resource Economics , 45 : 91 – 112 .
   Web of Science ®Google Scholar
• Yoe , C. 1993 . “ National Economic Development Procedures Manual: National Economic Development Costs, DACWC72-90-D-0002 ” . Fort Belvoir, VA : U.S. Army Corps of Engineers, Institute for Water Resources .
   Google Scholar