The Economics of Managing Coastal Erosion

by Robert Boyles, Jr., South Carolina Wildlife & Marine, Resources Dept., Charleston, United States,



Document Type: Proceeding Paper

Part of: Coastal Zone '93

Abstract:

In the race to develop prime coastal land, many structures have been built in high hazard areas which are prone to coastal erosion. In a real sense, erosion is not generally viewed to be a problem in areas where there is no development. Therefore, erosion management can be thought of as a land-use problem. Current coastal land-use regimes draw upon a number of institutional tools for managing the development of erosion-prone coastal land, including local zoning and setback regulations as well as the National Flood Insurance Program (NIFP). The research entails an examination of the major institutional arrangements for managing the development of erosion-prone coastal lands. The research will focus on how individuals react to the incentives structures created by these mechanisms and will demonstrate that the current institutional mechanisms for managing coastal erosion are inefficient.

Subject Headings: Erosion | Land use | Economic factors | Coastal management | Ocean currents | Insurance | Zoning

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