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Costs of Defending Against Rising Sea Levels and Flooding in Mid-Atlantic Metropolitan Coastal Areas: The Basic Issues

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Author Info

  • Koch, James V.

Abstract

Rising ocean levels have resulted in increasingly severe flooding in numerous metropol-itan coastal areas. What would it cost to minimize or eliminate such damage? Relatively little economic work has been done to provide an answer, at least partially because some authori-ties believe attempts to deal with flooding ultimately are futile. Further, discussions of fund-ing always involve massive welfare transfers from the non-flooded to the flooded. The cost of erecting a single mile of new sea wall exceeds $35 million in 2009 dollars and annual mainten-ance costs range between 5 and 10 percent.

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Bibliographic Info

Article provided by Mid-Continent Regional Science Association in its journal Journal of Regional Analysis and Policy.

Volume (Year): 40 (2010)
Issue (Month): 1 ()
Pages:

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Handle: RePEc:ags:jrapmc:132440

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Related research

Keywords: Environmental Economics and Policy; Risk and Uncertainty;

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  1. Francesco Bosello & Roberto Roson & Richard S.J. Tol, 2004. "Economy-Wide Estimates Of The Implications Of Climate Change: Sea Level Rise," Working Papers FNU-38, Research unit Sustainability and Global Change, Hamburg University, revised Jan 2004.
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Cited by:
  1. Tsvetan G. Tsvetanov & Farhed A. Shah, 2012. "The Economics of Protection against Sea-Level Rise: An Application to Coastal Properties in Connecticut," Working Papers 10, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
  2. Tsvetan Tsvetanov & Farhed Shah, 2013. "The economic value of delaying adaptation to sea-level rise: An application to coastal properties in Connecticut," Climatic Change, Springer, vol. 121(2), pages 177-193, November.
  3. Daniel Felsenstein & Michal Lichter, 2014. "Social and economic vulnerability of coastal communities to sea-level rise and extreme flooding," Natural Hazards, International Society for the Prevention and Mitigation of Natural Hazards, vol. 71(1), pages 463-491, March.

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