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

Published online by Cambridge University Press:  26 January 2015

O. Ashton Morgan  and
Stuart E. Hamilton
O. Ashton Morgan
Affiliation:
Department of Economics, Appalachian State University, Boone, NC
Stuart E. Hamilton
Affiliation:
The College of William and Mary, Williamsburg, VA
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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.

Keywords

beach accessproperty viewshedspatial hedonic modelwillingness to payQ51R12R21R23
Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 43 , Issue 2 , May 2011 , pp. 157 - 166
Copyright
Copyright © Southern Agricultural Economics Association 2011

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