Economics at your fingertips  

Pricing Coastal Amenities and Flood Hazards

Zhenshan Chen () and Charles A. Towe

Land Economics, 2024, vol. 100, issue 1, 109-126

Abstract: Coastlines bring precious amenities to residents, but they also have significant and growing risks from storms and rising sea levels. Disentangling these amenities and risks is of ever-increasing importance to the public and policy makers. Evaluating the most tangible aspect of coastal living in New England, we present a scalable way to construct parcel-specific measures of coastal amenities. Estimates suggest that good coastal amenities, represented by unobstructed ocean views, add about 33%–69% to property prices. Coastal hazard effects are separated from the amenities: the flood zone discounts in coastal Connecticut and Massachusetts are generally low.

JEL-codes: Q51 Q54 (search for similar items in EconPapers)
Date: 2024
Note: DOI:
References: View references in EconPapers View complete reference list from CitEc

Downloads: (external link)
A subscripton is required to access pdf files. Pay per article is available.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().

Page updated 2024-07-09
Handle: RePEc:uwp:landec:v:100:y:2024:i:1:p:109-126