In response to market incentives, private developers are protecting shorelines where traditional bureaucratic management has led to erosion and pollution. As consumer affluence and environmental knowledge increase, this trend will accelerate, especially where property owners have similar tastes and a strong system of protective covenants.


Other Independent Review articles by Jeffrey J. Pompe
    Spring 2011   The Political and Cultural Economy of Recovery
    Fall 2008   Property Insurance for Coastal Residents

Other Independent Review articles by James R. Rinehart
    Fall 2008   Property Insurance for Coastal Residents