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Estimating a Payment Vehicle for Financing Nourishment of Residential Beaches using a Spatial-lag Hedonic Property Price Model


  • O. Ashton Morgan
  • Stuart E. Hamilton


Beach nourishment projects are common methods for coastal states to protect beaches and property from the natural erosive process. However, while the beneficiaries of beach nourishment tend to be local property owners and recreators, projects are typically funded at the state level. Based on the benefit principle, as local residents receive more of the erosion protection benefits of the nourishment projects, we estimate a value capture tax, designed to levy the financing burden in a manner that approximates the distribution of benefits. The benefits of nourishment projects to coastal property owners are estimated using the results from a spatial-lag hedonic model that controls for viewshed effects. Key Words:

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  • O. Ashton Morgan & Stuart E. Hamilton, 2009. "Estimating a Payment Vehicle for Financing Nourishment of Residential Beaches using a Spatial-lag Hedonic Property Price Model," Working Papers 09-23, Department of Economics, Appalachian State University.
  • Handle: RePEc:apl:wpaper:09-23

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    1. Ross, Thomas W, 1994. "Raising an Army: A Positive Theory of Military Recruitment," Journal of Law and Economics, University of Chicago Press, vol. 37(1), pages 109-131, April.
    2. John Warner & Sebastian Negrusa, 2005. "Evasion costs and the theory Of conscription," Defence and Peace Economics, Taylor & Francis Journals, vol. 16(2), pages 83-100.
    3. Timothy J. Perri, 2008. "The Economics of US Civil War Conscription," American Law and Economics Review, Oxford University Press, vol. 10(2), pages 424-453.
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