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Volume 43, Number 02, May 2011 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/104620
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| Title: | Disentangling Access and View Amenities in Access-Restricted Coastal Residential Communities |
| Authors: | Morgan, O. Ashton
Hamilton, Stuart E. |
| Authors (Email): | Morgan, O. Ashton (morganoa@appstate.edu) |
| Keywords: | beach access
property viewshed
spatial hedonic model
willingness to pay |
| JEL Codes: | Q51
R12
R21
R23 |
| Issue Date: | 2011-05 |
| Abstract: | In coastal communities with uniform flood risk, amenity value is comprised of two components – view and access. Having controlled for view, it is assumed that any residual amenity value represents the benefit derived from accessing the beach for leisure/recreational purposes. However, as properties closer to the beach typically have improved viewsheds, the two amenities are highly correlated, and disentangling view and access is problematical. A
spatial autoregressive hedonic model captures ease of beach access via a network distance parameter that varies independently from property viewshed, collinearity effects are mitigated, and access and view can be disentangled. |
| URI: | http://purl.umn.edu/104620 |
| Institution/Association: | Journal of Agricultural and Applied Economics>Volume 43, Number 02, May 2011 |
| Total Pages: | 10 |
| From Page: | 157 |
| To Page: | 166 |
| Collections: | Volume 43, Number 02, May 2011
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