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Financing Beach Improvements: Comparing Two Approaches on the Georgia Coast
Authors:WARREN KRIESEL  ANDREW KEELER  CRAIG LANDRY
Institution:1. Department of Agriculture and Applied Economics, University of Georgia, Athens, Georgia, USA;2. Department of Economics, East Carolina University, Greenville, North Carolina, USA
Abstract:Fifty-five percent of Georgia's developed coastline has been armored with various types of erosion protection devices. This article is about beach improvement projects at Jekyll Island that would operate under (a) a nourishment policy or (b) a retreat policy. Benefits are calculated from an intensive, on-site survey of beach visitors and the costs are calculated from observable sources. Two financing methods are considered: general revenue and user fee financing. The analyses imply recommending beach improvement as an effective policy within the considered time frame.
Keywords:climate impact assessment  coastal behavior model  coastal property  GIS  sea-level rise
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