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Please use this identifier to cite or link to this item: http://purl.umn.edu/104620

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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