Viewscapes and Flood Hazard: Coastal housing market response to amenities and risk
Viewscapes and Flood Hazard: Coastal housing market response to amenities and risk
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DOI:
10.3368/le.84.3.434
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发表时间:
2008-08-01
期刊:
影响因子:
1.4
通讯作者:
Landry, Craig E.
中科院分区:
文献类型:
--
作者:
Bin, Okmyung;Crawford, Thomas W.;Landry, Craig E.
Coastal amenities and risk are so highly correlated that separate identification within the hedonic framework is potentially challenging. In this study, we construct a three-dimensional measure of ocean view, viewscape, accounting for natural topography and built obstruction that varies independent of risk classification to disentangle these spatially integrated housing characteristics. A spatial autoregressive hedonic model is developed to provide consistent estimates of the willingness to pay for coastal amenities and risk. Our findings suggest that incorporating the GIS-based view measures can be successful in isolating risk factors from spatial amenities.