Economics of Coastal Erosion and Adaptation to Sea Level Rise

Sathya Gopalakrishnan, Craig Landry, Martin D. Smith and John Whitehead
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Sathya Gopalakrishnan: Department of Agricultural, Environmental, and Development Economics, Ohio State University , Columbus, Ohio 43210
Martin D. Smith: Nicholas School of the Environment and Department of Economics, Duke University , Durham, North Carolina 27701

Annual Review of Resource Economics, 2016, vol. 8, issue 1, 119-139

Abstract: This article provides a review and synthesis of geoeconomic models that are used to analyze coastal erosion management and shoreline change. We outline a generic framework for analyzing risk-mitigating and/or recreation-enhancing policy interventions within a dynamic framework, and we review literature that informs the nature and extent of net benefit flows associated with coastal management. Using stated preference analysis, we present new estimates on household preferences for shoreline erosion management, including costs associated with ecological impacts of management. Lastly, we offer some guidance on directions for future research.

Keywords: geoeconomics; coastal erosion; natural resource economics; dynamic optimization; adaptation (search for similar items in EconPapers)
JEL-codes: Q24 Q25 Q26 Q51 Q54 Q57 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (10)

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