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Assessing socio-economic impacts of wave overtopping: An institutional perspective |
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| Authors: | Jan Jaap Bouma Delphine François Albert Schram Tom Verbeke |
| Institution: | 1. Centre for Environmental Economics and Environmental Management (CEEM), Faculty of Economics and Business Administration, Ghent University (UGent), Tweekerkenstraat 2, 9000 Gent, Belgium;2. Section Economics of Infrastructures, Faculty Technology, Policy and Management, Delft University of Technology (TUDelft), Jaffalaan 5, 2628 BX Delft, The Netherlands;3. HUBrussel, Stormstraat 2, 1000 Brussel, Belgium;4. Faculty of Economics and Business Administration, University of Maastricht, Tongersestraat 53, 6211 LM Maastricht, The Netherlands |
| Abstract: | One way to address the assessment of strategies to control wave overtopping at seawalls and related coastal defence structures is to make use of Cost-Benefit Analysis. The institutional context in which Cost-Benefit Analysis takes place influences decisions on the types of values that are taken into consideration and the subsequent selection of valuation methods. We suggest to consider Cost-Benefit Analysis in a broad institutional framework when decisions are to be made on coastal defence strategies. It is argued that the institutional context provides the rules of the game on how a balance can be found between social, economic and ecologic functions of projects that protect societies against overtopping. |
| Keywords: | Cost-Benefit Analysis Valuation Coastal defence Wave overtopping |
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