PT  - JOURNAL ARTICLE
AU  - Craig E. Landry
AU  - Paul Hindsley
TI  - Valuing Beach Quality with Hedonic Property Models
AID  - 10.3368/le.87.1.92
DP  - 2011 Feb 01
TA  - Land Economics
PG  - 92--108
VI  - 87
IP  - 1
4099  - http://le.uwpress.org/content/87/1/92.short
4100  - http://le.uwpress.org/content/87/1/92.full
SO  - Land Econ2011 Feb 01; 87
AB  - This paper explores the influence of beach quality on coastal property values. We hypothesize that beach and dune width provide local public goods in the form of recreation potential and storm/erosion protection, but services are limited by distance from the shoreline. Our findings support this hypothesis, as extending the influence of beach quality beyond 300 m from the shore generally results in statistically insignificant parameter estimates. For houses within this proximity bound, beach and dune widths increase property value. We argue that interpretation of marginal willingness to pay for beach quality depends upon individual understanding of coastal processes and expectations of management intervention. (JEL Q26, Q51)