In 2016, Hurricane Matthew caused approximately 10 billion dollars of damage in the United States and nearly 350 million dollars in South Carolina. The historic rainfall damaged or completely destroyed roads, bridges, buildings, crops, and dams. This paper documents how one small lakefront community in eastern South Carolina formed a de facto Buchanan Club to fund the reconstruction of a dam destroyed by Matthew and restore a small lake, an exemplary club good. This private response was needed because both the Federal and State governments declined public assistance. In the end and roughly approximately two years after Matthew, the dam was repaired and the lake refilled with the rainfall of Hurricane Florence.
ArtleR.AverousC. (1973). The telephone system as a public good: Static and dynamic aspects. The Bell Journal of Economics, 4(1), 89-100. https://doi.org/10.2307/3003140.
2.
BermanE. (2000). Sect, subsidy and sacrifice: An economist’s view of ultra-orthodox Jews. Quarterly Journal of Economics, 115(3), 905-953. https://doi.org/10.1162/003355300554944.
Chamlee-WrightE.StorrV. H. (2009). Club goods and post disaster community return. Rationality and Society, 21(4), 429-458. https://doi.org/10.1177/1043463109337097.
5.
CongletonR. D. (1992). Political institutions and pollution control. The Review of Economics and Statistics, 74(3), 412-421. https://doi.org/10.4324/9781315202310-18.
6.
DoughertyK. L. (2003). Public goods theory from eighteenth century political philosophy to twentieth century economics. Public Choice, 117(3), 239-253. https://doi.org/10.1023/B:PUCH.0000003734.55916.8.
7.
EkelundR.TollisonR.AndersonG.HebertR.DavidsonA. (1996). Sacred Trust: The Medieval Church as an economic firm. Oxford University Press.
8.
Federal Emergency Management Agency. (2018). Dam breach report—Hurricane Matthew in North Carolina and South Carolina.
9.
FisherA.KrutillaJ. (1972). Determination of optimal capacity of resource-based recreational facilities. Natural Resources Journal, 12(4), 417-444.
10.
Hybrid Engineering, Inc. (2016). Report of detailed inspection: Sales international (Lake Bennett) dam (dam #D-3571). The Country Club of South Carolina.
11.
IannacconeL. R. (1992). Sacrifice and stigma: Reducing free-riding in cults, communes and other collectives. Journal of Political Economy, 100(2), 271-291.
12.
KuranT. (2001). The provision of public goods under Islamic law: Origins, impacts, and limitations of the waqf system. Law and Society Review, 35(4), 841-898. https://doi.org/10.2307/3185418.
13.
LipsmanM. (1994). A theory of transportation clubs with special application to the domestic aviation system. unpublised doctoral dissertationIowa State University.
14.
McKenzieE (2005). Planning through residential clubs. Economic Affairs.
15.
MohringH.HarwitzM. (1962). Highway benefits: An analytical review. Northwestern University Press.
National Weather Service. (2016). Hurricane Matthew in the Carolinas8 October 2016.
18.
OlsonM.ZeckhauserR. (1966). An economic theory of alliances. The Review of Economics and Statistics, 48(3), 266-279. https://doi.org/10.2307/1927082.
19.
SandlerT.TschirhartJ.CauleyJ. (1983). A theoretical analysis of transnational terrorism. American Political Science Review, 77(1), 36-54. https://doi.org/10.2307/1956010.
20.
TieboutC. M. (1956). A pure theory of local expenditures. Journal of Political Economy, 64(5), 416-424. https://doi.org/10.1086/257839.
21.
United States Army Corps of Engineers. (2018). National inventory of dams.
22.
VickreyW. (1969). Congestion theory and transport investment. The American Economic Review, 59(2), 251-260.
