PT  - JOURNAL ARTICLE
AU  - Chen, Zhenshan
AU  - Towe, Charles A.
TI  - Pricing Coastal Amenities and Flood Hazards
AID  - 10.3368/le.100.1.102022-0085R
DP  - 2024 Feb 01
TA  - Land Economics
PG  - 109--126
VI  - 100
IP  - 1
4099  - http://le.uwpress.org/content/100/1/109.short
4100  - http://le.uwpress.org/content/100/1/109.full
AB  - Coastlines bring precious amenities to residents, but they also have significant and growing risks from storms and rising sea levels. Disentangling these amenities and risks is of ever-increasing importance to the public and policy makers. Evaluating the most tangible aspect of coastal living in New England, we present a scalable way to construct parcel-specific measures of coastal amenities. Estimates suggest that good coastal amenities, represented by unobstructed ocean views, add about 33%–69% to property prices. Coastal hazard effects are separated from the amenities: the flood zone discounts in coastal Connecticut and Massachusetts are generally low.