Natural Hazard Resilience
The Rising Cost of Climate Change on Home Values
By Justin Tyndall Climate change poses a clear threat to coastal real estate assets. As sea level rises and coastal weather events become more severe, exposed properties will experience recurring damage and some will become uninhabitable. Homebuyers may fail to fully appreciate the threat of sea level rise, causing homes in coastal areas to be […]
Read MoreSea Level Rise and Home Prices: Evidence from Long Island
Global sea level rise is a known consequence of climate change. As predictions of sea level rise have grown in magnitude and certainty, coastal real estate assets face an increasing climate risk. I use a complete data set of repeated home sales from Long Island in New York State to estimate the appreciation discount caused […]
Read MorePublication: How Will Climate Change Affect Water Demand? Evidence from Hawai‘i Microclimates
The effect that climate change will have on water resource sustainability is gaining international interest, particularly in regions where stocks are strained due to changing climate and increasing populations. Past studies focus mainly on how water availability will be affected by climate change, with little attention paid to how consumer behavior is likely to react. […]
Read MoreHow Will Climate Change Affect Water Demand? Evidence from Hawai‘i Microclimates
The effect that natural hazard resilience will have on water resource sustainability is gaining international interest, particularly in regions where stocks are strained due to changing climate and increasing populations. Past studies focus mainly on how water availability will be affected by natural hazard resilience, with little attention paid to how consumer behavior is likely […]
Read MoreCoastal armoring and sinking property values: the case of seawalls in California
Rising sea levels necessitate careful consideration of different forms of coastal protection but cost-benefit analysis is limited when important non-market social costs have not been measured. Seawalls protect individual properties but can potentially impose negative externalities on neighboring properties via accelerated beach loss. We conduct a hedonic valuation of seawalls in two coastal California counties: […]
Read MorePlace-based management can reduce human impacts on coral reefs in a changing climate
Declining natural resources have contributed to a cultural renaissance across the Pacific that seeks to revive customary ridge-to-reef management approaches to protect freshwater and restore abundant coral reef fisheries. We applied a linked land–sea modeling framework based on remote sensing and empirical data, which couples groundwater nutrient export and coral reef models at fine spatial […]
Read MoreBroad threat to humanity from cumulative climate hazards intensified by greenhouse gas emissions
The ongoing emission of greenhouse gases (GHGs) is triggering changes in many climate hazards that can impact humanity. We found traceable evidence for 467 pathways by which human health, water, food, economy, infrastructure and security have been recently impacted by climate hazards such as warming, heatwaves, precipitation, drought, floods, fires, storms, sea-level rise and changes in natural […]
Read MoreEstimating Cost-Effectiveness of Hawaiian Dry Forest Restoration Using Spatial Changes in Water Yield and Landscape Flammability Under Climate Change
Resource managers increasingly seek to implement cost-effective watershed restoration plans for multiple ecosystem service benefits. Using locally adapted ecosystem service tools and historical management costs, we quantified spatially explicit management costs and benefits (in terms of groundwater recharge and landscape flammability) to assist a state agency in evaluating cobenefits for a predefined restoration scenario (focused […]
Read MoreIntergenerational Games with Dynamic Externalities and Climate Change Experiments
Dynamic externalities are at the core of many long-term environmental problems, from species preservation to natural hazard resilience mitigation. We use laboratory experiments to compare welfare outcomes and underlying behavior in games with dynamic externalities under two distinct settings: traditionally studied games with infinitely-lived decision makers, and more realistic intergenerational games. We show that if […]
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