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Beach nourishment as a dynamic capital accumulation problem

Author

Listed:
  • 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.

Suggested Citation

  • Smith, Martin D. & Slott, Jordan M. & McNamara, Dylan & Brad Murray, A., 2009. "Beach nourishment as a dynamic capital accumulation problem," Journal of Environmental Economics and Management, Elsevier, vol. 58(1), pages 58-71, July.
  • Handle: RePEc:eee:jeeman:v:58:y:2009:i:1:p:58-71
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    References listed on IDEAS

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    Cited by:

    1. repec:eee:jeeman:v:86:y:2017:i:c:p:210-228 is not listed on IDEAS
    2. Qiu, Yun & Gopalakrishnan, Sathya, 2016. "Defending the Shoreline: A Duration Model of Beach Re-Nourishment," 2016 Annual Meeting, July 31-August 2, 2016, Boston, Massachusetts 236361, Agricultural and Applied Economics Association.
    3. Landry, Craig E. & Whitehead, John C., "undated". "Economic Values of Coastal Erosion Management: Joint Estimation of Use and Passive Use Values with Recreation and Contingent Valuation Data," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205441, Agricultural and Applied Economics Association;Western Agricultural Economics Association.
    4. Gopalakrishnan, Sathya & Smith, Martin D. & Slott, Jordan M. & Murray, A. Brad, 2011. "The value of disappearing beaches: A hedonic pricing model with endogenous beach width," Journal of Environmental Economics and Management, Elsevier, vol. 61(3), pages 297-310, May.
    5. Eli D. Lazarus, 2017. "Toward a Global Classification of Coastal Anthromes," Land, MDPI, Open Access Journal, vol. 6(1), pages 1-27, February.

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