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Beach nourishment as a dynamic capital accumulation problem

Publication ,  Journal Article
Smith, MD; Slott, JM; McNamara, D; Murray, AB
Published in: Journal of Environmental Economics and Management
2009

Beach nourishment is a common coastal management strategy used to combat erosion along sandy coastlines. It involves building out a beach with sand dredged from another location. This paper develops a positive model of beach nourishment and generates testable hypotheses about how the frequency of nourishment responds to property values, project costs, erosion rates, and discounting. By treating the decision to nourish as a dynamic capital accumulation problem, the model produces new insights about coupled economic geomorphological systems. In particular, determining whether the frequency of nourishment increases in response to physical and economic forces depends on whether the decay rate of nourishment sand exceeds the discount rate. © 2009 Elsevier Inc. All rights reserved.

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Published In

Journal of Environmental Economics and Management

DOI

ISSN

0095-0696

Publication Date

2009

Volume

58

Issue

1

Start / End Page

58 / 71

Related Subject Headings

  • Agricultural Economics & Policy
  • 3801 Applied economics
  • 1402 Applied Economics
  • 1401 Economic Theory
  • 0502 Environmental Science and Management
 

Citation

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Smith, M. D., Slott, J. M., McNamara, D., & Murray, A. B. (2009). Beach nourishment as a dynamic capital accumulation problem. Journal of Environmental Economics and Management, 58(1), 58–71. https://doi.org/10.1016/j.jeem.2008.07.011
Smith, M. D., J. M. Slott, D. McNamara, and A. B. Murray. “Beach nourishment as a dynamic capital accumulation problem.” Journal of Environmental Economics and Management 58, no. 1 (2009): 58–71. https://doi.org/10.1016/j.jeem.2008.07.011.
Smith MD, Slott JM, McNamara D, Murray AB. Beach nourishment as a dynamic capital accumulation problem. Journal of Environmental Economics and Management. 2009;58(1):58–71.
Smith, M. D., et al. “Beach nourishment as a dynamic capital accumulation problem.” Journal of Environmental Economics and Management, vol. 58, no. 1, 2009, pp. 58–71. Scival, doi:10.1016/j.jeem.2008.07.011.
Smith MD, Slott JM, McNamara D, Murray AB. Beach nourishment as a dynamic capital accumulation problem. Journal of Environmental Economics and Management. 2009;58(1):58–71.
Journal cover image

Published In

Journal of Environmental Economics and Management

DOI

ISSN

0095-0696

Publication Date

2009

Volume

58

Issue

1

Start / End Page

58 / 71

Related Subject Headings

  • Agricultural Economics & Policy
  • 3801 Applied economics
  • 1402 Applied Economics
  • 1401 Economic Theory
  • 0502 Environmental Science and Management