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Faculty contribute to the interdisciplinary Center for Sustainability and Master of Science in Sustainable Tourism in many and varied ways reflecting the multidisciplinary interest on the campus in sustainability and a generous willingness to engage in the research, teaching and outreach activities of the center. Examples of these contributions include service on the MS-ST Faculty Graduate Committee, on thesis and non-thesis projects, on search committees, in recruiting and mentoring students, on external funding activities, on special projects and initiatives, in teaching core courses, on interdisciplinary research and publication efforts and on hosting visiting scholars, among others. Faculty affiliates are encouraged to cross over with other disciplines in research interests to the extent possible in order to become fully aware of, and take advantage of, the many interdisciplinary approaches and opportunities.
Economics & Management of Coastal Resources
Okmyung "Paul" Bin
My interests lie in the area of assisting communities with the efficient management of coastal resources. I used a unique integration of geospatial data and economic models to estimate the impacts of climate change on North Carolina's coastal recreation and tourism. I am particularly interested in examining how coastal real estate markets respond to risks associated with sea-level rise including coastal flooding, shoreline erosion, and storm damages. My current research seeks to evaluate the likely property damages from permanent and temporary flooding along the exposed coast and the relative economic efficiency of mitigation/adaptation policies for coastal communities.
My research is primarily in the area of natural resource and environmental economics, with particular emphasis on environmental valuation. I have broad interests in applied welfare analysis, and methodologies and econometrics of non-market valuation. I also have a focus on behavioral economics, specifically related to how economic agents respond to low-probability, high-consequence disaster events and how information conveyed by disasters and risk classifications can be used to learn about economic behavior. Topical interests include management of coastal and marine resources, fishery and marine policy, conservation of ocean beaches and coastal wetlands, valuation of waterfront views, and assessment of market reactions to coastal hazards (storms, erosion, and sea level rise).