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Economics of Coastal Erosion and Adaptation to Sea Level Rise

Author

Listed:
  • Sathya Gopalakrishnan

    (Department of Agricultural, Environmental, and Development Economics, Ohio State University , Columbus, Ohio 43210)

  • Craig E. Landry

    () (Department of Agricultural and Applied Economics, University of Georgia , Athens, Georgia 30602)

  • Martin D. Smith

    (Nicholas School of the Environment and Department of Economics, Duke University , Durham, North Carolina 27701)

  • John C. Whitehead

    (Department of Economics, Appalachian State University , Boone, North Carolina 28608)

Abstract

This article provides a review and synthesis of geoeconomic models that are used to analyze coastal erosion management and shoreline change. We outline a generic framework for analyzing risk-mitigating and/or recreation-enhancing policy interventions within a dynamic framework, and we review literature that informs the nature and extent of net benefit flows associated with coastal management. Using stated preference analysis, we present new estimates on household preferences for shoreline erosion management, including costs associated with ecological impacts of management. Lastly, we offer some guidance on directions for future research.

Suggested Citation

  • Sathya Gopalakrishnan & Craig E. Landry & Martin D. Smith & John C. Whitehead, 2016. "Economics of Coastal Erosion and Adaptation to Sea Level Rise," Annual Review of Resource Economics, Annual Reviews, vol. 8(1), pages 119-139, October.
  • Handle: RePEc:anr:reseco:v:8:y:2016:p:119-139
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    File URL: http://www.annualreviews.org/doi/10.1146/annurev-resource-100815-095416
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    Citations

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    Cited by:

    1. Megan Mullin & Martin D. Smith & Dylan E. McNamara, 2019. "Paying to save the beach: effects of local finance decisions on coastal management," Climatic Change, Springer, vol. 152(2), pages 275-289, January.
    2. Landry, Craig E. & Shonkwiler, J. Scott & Whitehead, John C., 2020. "Economic Values of Coastal Erosion Management: Joint Estimation of Use and Existence Values with recreation demand and contingent valuation data," Journal of Environmental Economics and Management, Elsevier, vol. 103(C).
    3. Qiu, Yun & Gopalakrishnan, Sathya, 2018. "Shoreline defense against climate change and capitalized impact of beach nourishment," Journal of Environmental Economics and Management, Elsevier, vol. 92(C), pages 134-147.
    4. Dundas, Steven J., 2017. "Benefits and ancillary costs of natural infrastructure: Evidence from the New Jersey coast," Journal of Environmental Economics and Management, Elsevier, vol. 85(C), pages 62-80.

    More about this item

    Keywords

    geoeconomics; coastal erosion; natural resource economics; dynamic optimization; adaptation;

    JEL classification:

    • Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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