Hedonic property price models are commonly used to assess the value of environmental amenities for housing buyers. The underlying theory presumes equilibrium in the housing market. Housing markets, however, are prone to cyclical and shock dynamics, as evidenced by the recent Great Recession....

Coastal Georgia continues to experience extremely high population growth rates. People are attracted by coastal amenities, including pleasant views of the saltwater marshes. The real estate market has responded to population growth with a pattern of development that exhibits varying degrees of...

We examine whether property price differentials reflecting flood risk increase following a large flood event, and whether this change is temporary or permanent. We use single-family residential property sales in Dougherty County, Georgia, between 1985 and 2004 in a difference-in-differences...

Coastal communities cannot depend on funding from the state or federal government to maintain high-quality beaches that benefit the public and attract tourist revenues. This article investigates the feasibility and efficiency of beach improvement projects at two Georgia barrier islands through...

This paper uses the results of a nationwide survey of coastal property owners to estimate the demand for insurance against erosion damage. The National Flood Insurance Program (NFIP) does not technically cover such damage, although in practice there is considerable uncertainty about this point....

A proposed beach improvement project at Jekyll Island, Ga. is opposed by county residents on tax equity grounds. In addition to general revenue financing, user fees for this type of infrastructure improvement are investigated. User fees are found to be both financially and politically feasible.