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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
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.

Type
Research Article
Copyright
Copyright © Southern Agricultural Economics Association 2011

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