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Beach nourishment as a dynamic capital accumulation problem

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Author Info
Smith, Martin D.
Slott, Jordan M.
McNamara, Dylan
Brad Murray, A.
Abstract

Beach nourishment is a common coastal management strategy used to combat erosion along sandy coastlines. It involves building out a beach with sand dredged from another location. This paper develops a positive model of beach nourishment and generates testable hypotheses about how the frequency of nourishment responds to property values, project costs, erosion rates, and discounting. By treating the decision to nourish as a dynamic capital accumulation problem, the model produces new insights about coupled economic geomorphological systems. In particular, determining whether the frequency of nourishment increases in response to physical and economic forces depends on whether the decay rate of nourishment sand exceeds the discount rate.

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File URL: http://www.sciencedirect.com/science/article/B6WJ6-4VD9WX9-1/2/684f50a1583220b4688f7aba3b1d22bf
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Publisher Info
Article provided by Elsevier in its journal Journal of Environmental Economics and Management.

Volume (Year): 58 (2009)
Issue (Month): 1 (July)
Pages: 58-71
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:eee:jeeman:v:58:y:2009:i:1:p:58-71

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Web page: http://www.elsevier.com/locate/inca/622870

For technical questions regarding this item, or to correct its listing, contact: (Heidi Boesdal).

Related research
Keywords: Beach nourishment Optimal rotation Natural capital Erosion Shoreline stabilization Coastal management;

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This page was last updated on 2009-12-3.


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