A coupled physical and economic model of the response of coastal real estate to climate risk

Dylan E. McNamara () and Andrew Keeler
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Dylan E. McNamara: University of North Carolina
Andrew Keeler: East Carolina University

Nature Climate Change, 2013, vol. 3, issue 6, 559-562

Abstract: A study that couples a barrier-island model with an agent-based model of real-estate markets shows that, relative to people with little belief in model predictions on climate change, informed property owners invest heavily in defensive measures in the short term. They then abandon coastal real estate when price volatility becomes significant.

Date: 2013
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DOI: 10.1038/nclimate1826

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