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Abstract: Using data on housing characteristics for homes sold between 2000 and 2010 in the towns of Duxbury, Marshfield, and Plymouth, as well as environmental data extracted from MassGIS, this study uses a hedonic pricing model to capture and value the risk of living near the coast in dollar terms. Distance between home and beach, elevation difference between home and beach, and the shoreline er... read moreosion rate of the nearest beach from each home were all deemed measurable indicators of shoreline change. This study suggests that the value homeowners place on easy access to the beach and beach amenities more than offset the erosion risks of living near the shoreline. However, as policy makers struggle to find erosion reducing solutions, they must perform thorough analyses on all aspects of the costs and benefits of shoreline erosion reduction methods before taking appropriate action.
Thesis (M.S.)--Tufts University, 2011.
Submitted to the Dept. of Economics.
Advisor: Jeffrey Zabel.
Committee: Porter Hoagland, John Straub, and Mary Davis.
Keyword: Economics.read less
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