Valuing Beach Quality with Hedonic Property Models
研究了海滩质量（宽度）如何影响附近房产价值，发现距离海岸300米内的房屋受益最大，为海岸管理和政策制定提供参考。
This paper explores the influence of beach quality on coastal property values. We hypothesize that beach and dune width provide local public goods in the form of recreation potential and storm/erosion protection, but services are limited by distance from the shoreline. Our findings support this hypothesis, as extending the influence of beach quality beyond 300 m from the shore generally results in statistically insignificant parameter estimates. For houses within this proximity bound, beach and dune widths increase property value. We argue that interpretation of marginal willingness to pay for beach quality depends upon individual understanding of coastal processes and expectations of management intervention. <i></i>