Physical Sciences and Mathematics Commons^™

The Value Of Dune Width In Avalon, New Jersey: A Hedonic Pricing Analysis, Matt Mignon

Journal of Environmental and Resource Economics at Colby

Previous research on the economics of coastal housing markets has proven that housing values along the east coast of the United States capitalize on the attributes of local beaches. These recent studies document two important findings: that beach width positively affects coastal property values and that there is a proximity effect, in which distance from the beach plays a significant role in the capitalization of local beach attributes. This paper builds upon these findings to explore the influence that dune width has on coastal property values in Avalon, New Jersey. I hypothesize that as dune width increases, local property values …