publication . Preprint . 2009

Spatial Hedonic Models for Measuring the Impact of Sea-Level Rise on Coastal Real Estate

Okmyung Bin; Ben Poulter; Christopher F. Dumas; John C. Whitehead;
Open Access
  • Published: 01 Jan 2009
Abstract
This study uses a unique integration of geospatial and hedonic property data to estimate the impact of sea-level rise on coastal real estate in North Carolina. North Carolina’s coastal plain is one of several large terrestrial systems around the world threatened by rising sea-levels. High-resolution topographic LIDAR (Light Detection and Ranging) data are used to provide accurate inundation maps for all properties that will be at risk under six different sea-level rise scenarios. A simulation approach based on spatial hedonic models is used to provide consistent estimates of the property value losses. Results indicate that the northern part of the North Carolina...
Subjects
free text keywords: jel:D61, jel:Q24, jel:Q54, jel:R14
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