@article{Chadourne:103846,
      recid = {103846},
      author = {Chadourne, Matthew H. and Cho, Seong-Hoon and Roberts,  Roland K.},
      title = {Ridge, Slope, and Hillside Protection Taskforce Projects  in Knox County, Tennessee: Costs and Benefits of  Reforestation of Target Areas},
      address = {2011},
      number = {321-2016-10793},
      pages = {34},
      year = {2011},
      abstract = {Many communities in the United States face the decision  about whether to protect or restore forests on  environmentally sensitive sites. The objective of this  research is to identify priority areas for forest landscape  restoration in Knox County, Tennessee. A cost-benefit  analysis is conducted to determine individuals’ willingness  to accept reforestation as a substitute for other potential  land uses, given the explicit costs and benefits of  reforestation. A sequence of hedonic models is used to  estimate differences in values attached to housing prices  of multiple potential sites for restoration projects  values. This approach allows the establishment of an  overall price-distance relationship between the amenity  values attributable to both deforested and forested areas  and their proximities to housing locations within the  county. Based on the overall price-distance relationship,  the sum of the differences between amenity values of  deforested and forested areas is estimated, as reflected in  housing prices across different proximities to potential  restoration sites. The results of this study show that  there are potentially great gains to the community through  reforestation projects but those benefits can vary greatly  depending on the acreages of potential target sites, the  number of houses in the surrounding area, and the proximity  of houses surrounding the site.},
      url = {http://ageconsearch.umn.edu/record/103846},
      doi = {https://doi.org/10.22004/ag.econ.103846},
}