Adaptation, Sea Level Rise, and Property Prices in the Chesapeake Bay Watershed.
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ABSTRACT:
SUBMITTER: Walsh P
PROVIDER: S-EPMC6382001 | biostudies-literature | 2019
REPOSITORIES: biostudies-literature
Publications
Adaptation, Sea Level Rise, and Property Prices in the Chesapeake Bay Watershed.
Walsh Patrick P Griffiths Charles C Guignet Dennis D Klemick Heather H
Land economics 20190101 1
Coastal communities are facing the dual threat of increasing sea level rise (SLR) and swelling populations, causing challenging policy problems. To help inform policy makers, this paper explores the property price impact of structures that help protect against SLR using a novel and spatially explicit dataset of coastal features. Results indicate that adaptation structures can have a significant positive impact on waterfront home prices, with the most vulnerable homes seeing the largest impacts. ...[more]
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