Adaptation, Sea Level Rise, and Property Prices in the Chesapeake Bay Watershed
研究了切萨皮克湾流域中防护海平面上升的适应性结构对滨水房产价格的影响，发现这些结构能显著提升房价，尤其对最脆弱的房屋影响最大。
Coastal communities are facing the dual threat of increasing sea level rise (SLR) and swelling populations, causing challenging policy problems. To help inform policy makers, this paper explores the property price impact of structures that help protect against SLR using a novel and spatially explicit dataset of coastal features. Results indicate that adaptation structures can have a significant positive impact on waterfront home prices, with the most vulnerable homes seeing the largest impacts. The Chesapeake Bay is facing increasing pressure from SLR, and this is one of the first papers to report that local property markets are incorporating that threat.