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Economics of Climate Change Adaptation : = Essays on Values for Methods and Outcomes of Coastal Hazard Adaptation.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Economics of Climate Change Adaptation :/
Reminder of title:	Essays on Values for Methods and Outcomes of Coastal Hazard Adaptation.
Author:	Abdulrahman, Abdulallah.
Description:	1 online resource (176 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 78-12(E), Section: A.
Subject:	Economics. -
Online resource:	click for full text (PQDT)
ISBN:	9780355067019

Economics of Climate Change Adaptation : = Essays on Values for Methods and Outcomes of Coastal Hazard Adaptation.
Abdulrahman, Abdulallah.

Economics of Climate Change Adaptation :Essays on Values for Methods and Outcomes of Coastal Hazard Adaptation. - 1 online resource (176 pages)

Source: Dissertation Abstracts International, Volume: 78-12(E), Section: A.

Thesis (Ph.D.)--Clark University, 2017.

Includes bibliographical references

Both natural and physical assets in coastal areas are under increasing threats of climate change related hazards associated with sea level rise and growing trends in the frequency and intensity of coastal flooding. In response, coastal communities are increasingly adopting actions aimed at enhancing their adaptive capacities, and mitigating the negative impacts of these hazards. Decisions regarding such adaptation policies and actions commonly require prioritization and trade-offs in allocating public resources. Hence, efficient adaptation to coastal hazards (as is the case with other environmental hazards) requires credible assessments and a thorough understanding of the values people hold for the different types of vulnerable coastal assets. However, despite the growing literature pertaining to the valuation of non-market goods, several issues that have the potential to compromise an assessment of the true public value and welfare remain largely overlooked. Using an application to coastal flood adaptation and discrete choice experiments (DCEs) method, I attempt to highlight some of these issues along with their potential implications for value estimation and applied policy analyses.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780355067019Subjects--Topical Terms:

555568
Economics.
Index Terms--Genre/Form:

554714
Electronic books.

Economics of Climate Change Adaptation : = Essays on Values for Methods and Outcomes of Coastal Hazard Adaptation.
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245 1 0 $a Economics of Climate Change Adaptation : $b Essays on Values for Methods and Outcomes of Coastal Hazard Adaptation.
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500 $a Source: Dissertation Abstracts International, Volume: 78-12(E), Section: A.
500 $a Adviser: Robert J. Johnston.
502 $a Thesis (Ph.D.)--Clark University, 2017.
504 $a Includes bibliographical references
520 $a Both natural and physical assets in coastal areas are under increasing threats of climate change related hazards associated with sea level rise and growing trends in the frequency and intensity of coastal flooding. In response, coastal communities are increasingly adopting actions aimed at enhancing their adaptive capacities, and mitigating the negative impacts of these hazards. Decisions regarding such adaptation policies and actions commonly require prioritization and trade-offs in allocating public resources. Hence, efficient adaptation to coastal hazards (as is the case with other environmental hazards) requires credible assessments and a thorough understanding of the values people hold for the different types of vulnerable coastal assets. However, despite the growing literature pertaining to the valuation of non-market goods, several issues that have the potential to compromise an assessment of the true public value and welfare remain largely overlooked. Using an application to coastal flood adaptation and discrete choice experiments (DCEs) method, I attempt to highlight some of these issues along with their potential implications for value estimation and applied policy analyses.
520 $a The first chapter of the dissertation investigates whether estimated values and preferences for coastal adaptation are influenced by risk-related non-response bias. Specifically, this chapter applies an empirical approach that tests and adjusts for the potential presence of response bias in DCE, and particularly response bias related to indicators of coastal flood risk. Possibility of response bias is particularly relevant in the context of coastal hazards, where systematic differences may exist between respondents and non-respondents that influence both decisions to respond and values elicited by the DCE surveys. However, the possibility of non-response bias in DCEs is largely overlooked by the DCE literature because of:(1) the absence of formal Heckman-type corrections for multinomial response models commonly used in multi-attribute DCEs, and (2) the lack of information on non-respondents sufficient to correct for response bias. The proposed approach uses a two-stage model that predicts response probabilities in the first stage using a non-linear model and data describing the entire sample. Fitted probabilities are then incorporated into a second-stage utility model estimated over the realized sample of respondents. Results suggest that this approach is capable of illuminating otherwise invisible bias in WTP estimates, and that the type of detected bias may not always conform to prior expectations. That is, those whose homes are less vulnerable to flood-related risks are more likely to participate in the survey, resulting in downwardly biased estimates of WTP for coastal adaptation.
520 $a The second chapter addresses the underlying motivations of willingness to pay (WTP) for coastal hazard mitigation. In this regard, previous literature provides little evidence as to whether (and to what extent) individuals' values are motivated by a desire to protect public versus private goods. This is especially relevant to the context of coastal adaptation, where the outcomes of adaptation actions may influence both public and private goods. The investigation evaluates systematic relationships between WTP for adaptation that protects different types of public and private assets, and the extent to which individuals' private property is perceived to be (or is actually) at risk. For example, a strong relationship between WTP for community-wide home protection and measures of private homes risk vulnerability would imply that WTP for home protection is motivated---at least in substantial part---by a desire of each individual to protect their own home. However, lack of a relationship would suggest that this WTP is motivated primarily by a desire to protect others' homes---an altruistic motivation associated with a public good. Results suggest that individuals' WTP for coastal adaptation may be primarily motivated by values associated with the protection of public goods, and that perceived risk to private property (or actual vulnerability) plays a minor role in individuals' support for public actions. In the third chapter, I explore the correlation between the values individuals hold for coastal adaptation outcomes and their length of residency in the community. Differences in length of residency may be systematically related to differences in attitudes towards changes in the community resources. Nonetheless, very few studies (within the literature of environmental valuation) have explored and discussed the implications of such correlation. The focus, instead, is mostly placed on estimates of average values derived from the sample, and then commonly extrapolated to the entire population to calculate the aggregate benefits, for instance. These population-averaged estimates overlook the notion that the average value of a change in a particular resource is likely to be different across demographic groups. Regardless of whether adjustments to the average estimates of values are needed, exploring heterogeneity in values of coastal adaptation outcomes (as it relates to length of residency) may provide insights that help inform adaptation decisions. Using both a subjective and an objective measure of length of residency, I examine deviations from the average values of coastal adaptation outcomes associated with variations in measures of length of residency. Results suggest a significant correlation between length of residency and values of risk reductions to residential properties community-wide. Controlling for risk factors, individual-specific, and property-specific characteristics, newer residents (as expected) seem to hold higher values for the protection of residential homes in the community. Results also suggest that the WTP for homes protection is a decreasing and discontinuous function of years of residency. (Abstract shortened by ProQuest.).
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
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710 2 $a Clark University. $b Economics. $3 1185958
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