Journal Articles

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

---

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.

---

Availability

No copy data

Detail Information

Series Title

Coastal Management

Call Number

-

Publisher

Philadelphia : Taylor & Francis Group., 2010

Collation

-

Language

English

ISBN/ISSN

08920753

Classification

-

Content Type

-

Media Type

-

Carrier Type

-

Edition

Volume 38, Issue 1 January 2010 , pages 65 - 75

Subject(s)

Beach nourishment
Hedonic model
Spatial dependence
Value capture tax

Specific Detail Info

-

Statement of Responsibility

-

Other version/related

File Attachment

Comments

---

You must be logged in to post a comment