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- W1489254311 abstract "The effects on real estate development of shore protection efforts that lower erosion rates and storm hazards are both controversial and difficult to detect. A simple theoretical model indicates that shore protection is likely to development from areas a few hundred feet inland toward beachfront property. Using a modified repeat sale house price index in which price appreciation rates are measured, literally, to the water's edge, we are able to formulate an extremely sensitive empirical test for a tilt in rates of house price appreciation implied by a tilt in produced additional beachfront development in the Florida counties studied. The method used in this paper is quite general and could be used in a number of applications where an environmental effect impacts real estate differentially over space." @default.
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- W1489254311 date "2002-04-29" @default.
- W1489254311 modified "2023-09-23" @default.
- W1489254311 title "To the Water's Edge, and Beyond: Effects of Shore Protection Projects on Beach Development" @default.
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