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Volume 36, Number 2, August 2011 >
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|Title: ||How Do Homebuyers Value Different Types of Green Space?|
|Authors: ||Bark, Rosalind H.|
Osgood, Daniel E.
Colby, Bonnie G.
Halper, Eve B.
|Keywords: ||hedonic model|
locally weighted regression
|Issue Date: ||2011-08|
|Abstract: ||It is important to understand tradeoffs in preferences for natural and constructed green space in
semi-arid urban areas because these lands compete for scarce water resources. We perform a
hedonic study using high resolution, remotely-sensed vegetation indices and house sales records.
We find that homebuyers in the study area prefer greener lots, greener neighborhoods, and greener
nearby riparian corridors, and they pay premiums for proximity to green space amenities. The
findings have fundamental implications for the efficient allocation of limited water supplies
between different types of green space and for native vegetation conservation in semi-arid
|Institution/Association: ||Journal of Agricultural and Resource Economics>Volume 36, Number 2, August 2011|
|Total Pages: ||21|
|From Page: ||395|
|To Page: ||415|
|Collections:||Volume 36, Number 2, August 2011|
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