2016
DOI: 10.1146/annurev-resource-100815-095416
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Economics of Coastal Erosion and Adaptation to Sea Level Rise

Abstract: This paper provides a review and synthesis of geo-economic 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, in… Show more

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Cited by 40 publications
(20 citation statements)
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References 77 publications
(69 reference statements)
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“…(Ginzky & Frost, 2014) A complex aspect of beach nourishment, at least as it manifests in the United States, is that local mitigation actions are deliberate, but their collective consequences are not (Lazarus, McNamara, et al, 2011;Smith et al, 2015). Much like related implications for "termination effects" in climate geoengineering (Royal Society, 2009) were beach nourishment along the U.S. Atlantic Coast to suddenly stop-unmasking true rates of coastal erosion-then the economic effects on the coastal communities that have come to depend on its protection (Gopalakrishnan, Landry, et al, 2016;NRC, 2014) would indeed be deleterious, widespread, long-lasting, and severe. Beach nourishment as a form of geoengineering thus prompts the same question that arises in debates about solar radiation management, regarding how long it can be sustained once underway (Royal Society, 2009).…”
Section: Discussionmentioning
confidence: 99%
“…(Ginzky & Frost, 2014) A complex aspect of beach nourishment, at least as it manifests in the United States, is that local mitigation actions are deliberate, but their collective consequences are not (Lazarus, McNamara, et al, 2011;Smith et al, 2015). Much like related implications for "termination effects" in climate geoengineering (Royal Society, 2009) were beach nourishment along the U.S. Atlantic Coast to suddenly stop-unmasking true rates of coastal erosion-then the economic effects on the coastal communities that have come to depend on its protection (Gopalakrishnan, Landry, et al, 2016;NRC, 2014) would indeed be deleterious, widespread, long-lasting, and severe. Beach nourishment as a form of geoengineering thus prompts the same question that arises in debates about solar radiation management, regarding how long it can be sustained once underway (Royal Society, 2009).…”
Section: Discussionmentioning
confidence: 99%
“…Spatial externalities have been acknowledged before as a potential issue in community-level beach nourishment decisions (Smith et al 2009;Gopalakrishnan et al 2016;Gopalakrishnan et al 2017) and in land-use decisions in noncoastal settings (Irwin and Bockstael 2002;Lewis et al 2011;Lawley and Yang 2015). Here we provide the first empirical evidence of the magnitude of negative spatial spillover damages associated with private erosion-protection options.…”
Section: Resultsmentioning
confidence: 99%
“…We show that there are conditions where a privately beneficial protection option may be a net cost to society when policy implementation is discontinuous across space. Previously, Smith et al (2009) and Gopalakrishnan et al (2016) recognized the need to account for spatial externalities when optimizing beach nourishment frequency, and Gopalakrishnan et al…”
Section: Estimating Option Values and Spillover Damagesmentioning
confidence: 99%
“…Thomas et al [58] revealed that variations in external forces may also be accountable for coastline erosion. Tenacious waves and sporadic storms provide substantial vigour to the coastal atmosphere, affecting sediment transport, distressing ecosystems, and damaging infrastructure Gopalakrishnan [59]. However, vegetation (plantation) provides a protective defence for infrastructure, including commercial and residential properties, from high waves.…”
Section: Discussionmentioning
confidence: 99%