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In small coastal communities with uniform flood risk, amenity value is comprised of two components – view and access. Having controlled for view, it is assumed that any residual amenity value represents the benefit derived from households from accessing the beach for leisure or recreational...
Persistent link: https://www.econbiz.de/10005763117
We use hedonic techniques to measure the impact of improved water quality on inland real estate values. By considering a unique natural experiment setting where consistent and recognizable variation in water quality across two rivers within a small geographic area is well known to market...
Persistent link: https://www.econbiz.de/10008525336
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...
Persistent link: https://www.econbiz.de/10005092427
This study examines the influence of Gulf of Mexico views on residential home sales prices in Pinellas County, Florida. We utilize Light Detection and Ranging (lidar) data to construct four continuous measures of Gulf of Mexico views – the total view, the maximum view segment, the mean view...
Persistent link: https://www.econbiz.de/10009149953