Disentangling Access and View Amenities in Access-Restricted Coastal Residential Communities

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.


Issue Date:
2011-05
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/104620
Published in:
Journal of Agricultural and Applied Economics, Volume 43, Number 2
Page range:
157-166
Total Pages:
10
JEL Codes:
Q51; R12; R21; R23




 Record created 2017-04-01, last modified 2017-08-26

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