2009
DOI: 10.1016/j.jeem.2008.07.011
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Beach nourishment as a dynamic capital accumulation problem

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Cited by 93 publications
(58 citation statements)
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“…The cost parameter c embeds both variable costs of nourishment sand and the fixed cost, which is divided among the total number of oceanfront properties in the community. By folding both into one parameter, our model predicts continuous rather than periodic nourishment (Smith et al 2009b), and can be interpreted as averaging nourishment over discrete intervals. To determine the cost parameter c we estimate the cost function using data on nourishment projects in North Carolina between 1939-2006(PSDS 2006.…”
Section: Cost Functionmentioning
confidence: 99%
“…The cost parameter c embeds both variable costs of nourishment sand and the fixed cost, which is divided among the total number of oceanfront properties in the community. By folding both into one parameter, our model predicts continuous rather than periodic nourishment (Smith et al 2009b), and can be interpreted as averaging nourishment over discrete intervals. To determine the cost parameter c we estimate the cost function using data on nourishment projects in North Carolina between 1939-2006(PSDS 2006.…”
Section: Cost Functionmentioning
confidence: 99%
“…It is used worldwide as a form of soft engineering to protect coastal development from the impacts of unmanaged erosion (Greene and Fund 2002). It serves to maintain the value of coastal investments (Landry and Hindsley 2011) and retain the value of beach amenity to tourism and recreation (Klein et al 2004;Smith et al 2009), (Fig. 5a).…”
Section: And Beach Fillsmentioning
confidence: 99%
“…A more intense storm on top of SLR has the potential to generate an even more catastrophic storm surge. (Smith et al, 2009;Gopalakrishnan et al, 2011), based on local perceptions of beach erosion rates in recent years , at each 10-km town in the domain. In the top panels (A i , A ii ), nourishment intervals are uniform alongshore.…”
Section: Temporal Scalementioning
confidence: 99%
“…For example, economic analyses of beach replenishment over the short term (25-50 years) invariably find that the benefits engendered by protection of property and support for coastal recreation justify replenishment costs (Bell, 1986;Parsons and Powell, 2001;Landry et al, 2003;Smith et al, 2009), whereas many coastal geologists and environmentalists have espoused support for climate adaptation strategies that embrace retreat in the face of erosion (Riggs and Ames, 2003;Pilkey and Dixon, 1996). To some extent, the two extreme views attempt to address different issues: one is focused on the near term while the other highlights the reality of the long-term future.…”
Section: Introductionmentioning
confidence: 99%