Financing Beach Improvements: Comparing Two Approaches on the Georgia Coast |
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Authors: | WARREN KRIESEL ANDREW KEELER CRAIG LANDRY |
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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 |
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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. |
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Keywords: | climate impact assessment coastal behavior model coastal property GIS sea-level rise |
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