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Due to their non-market characteristics, coastal habitats are often valued using stated preference methods, such as discrete choice experiments. An extensive literature cautions the confounding influence of both choice complexity and hypothetical bias in these types of welfare analyses. In...
Persistent link: https://www.econbiz.de/10012909850
This paper explores the influence of beach quality on coastal residential property values. We hypothesize that beach and dune width provide local public goods in terms of recreation potential and storm/erosion protection, but that this relationship is limited by distance from the shoreline. Our...
Persistent link: https://www.econbiz.de/10013125983