Economics of Coastal Erosion and Adaptation to Sea Level Rise

Posted: 11 Oct 2016

See all articles by Sathya Gopalakrishnan

Sathya Gopalakrishnan

Ohio State University (OSU)

Craig E. Landry

UGA Ag & Applied Economics

Martin D. Smith

Duke University - Nicholas School of the Environment

John C. Whitehead

Appalachian State University - Department of Economics

Date Written: October 2016

Abstract

This article provides a review and synthesis of geoeconomic 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, including costs associated with ecological impacts of management. Lastly, we offer some guidance on directions for future research.

Suggested Citation

Gopalakrishnan, Sathya and Landry, Craig and Smith, Martin D. and Whitehead, John C., Economics of Coastal Erosion and Adaptation to Sea Level Rise (October 2016). Annual Review of Resource Economics, Vol. 8, Issue 1, pp. 119-139, 2016, Available at SSRN: https://ssrn.com/abstract=2850935 or http://dx.doi.org/10.1146/annurev-resource-100815-095416

Sathya Gopalakrishnan (Contact Author)

Ohio State University (OSU) ( email )

Dept. of Ag, Env & Dev Economics
2120 Fyffe Rd
Columbus, OH 43210

Craig Landry

UGA Ag & Applied Economics ( email )

Athens, GA 30602-7509
United States

Martin D. Smith

Duke University - Nicholas School of the Environment ( email )

Box 90328
A122 LSRC
Durham, NC 27708-0328
United States
919-613-8028 (Phone)
919-684-8741 (Fax)

HOME PAGE: http://fds.duke.edu/db/Nicholas/esp/faculty/marsmith

John C. Whitehead

Appalachian State University - Department of Economics ( email )

Boone, NC 28608
United States

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