How Do Homebuyers Value Different Types of Green Space?

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 h...

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Bibliographic Details
Main Authors: Rosalind H. Bark, Daniel E. Osgood, Bonnie G. Colby, Eve B. Halper
Format: Article
Language:English
Published: Western Agricultural Economics Association 2011-08-01
Series:Journal of Agricultural and Resource Economics
Subjects:
Online Access:https://ageconsearch.umn.edu/record/117210
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spelling doaj-22d2203ce4004d3ab7bfc3301efd94882020-11-25T02:57:29ZengWestern Agricultural Economics AssociationJournal of Agricultural and Resource Economics1068-55022327-82852011-08-0136239541510.22004/ag.econ.117210117210How Do Homebuyers Value Different Types of Green Space?Rosalind H. BarkDaniel E. OsgoodBonnie G. ColbyEve B. HalperIt 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 metropolitan areas.https://ageconsearch.umn.edu/record/117210golf coursehedonic modellocally weighted regressionopen spaceparkriparianspatial
collection DOAJ
language English
format Article
sources DOAJ
author Rosalind H. Bark
Daniel E. Osgood
Bonnie G. Colby
Eve B. Halper
spellingShingle Rosalind H. Bark
Daniel E. Osgood
Bonnie G. Colby
Eve B. Halper
How Do Homebuyers Value Different Types of Green Space?
Journal of Agricultural and Resource Economics
golf course
hedonic model
locally weighted regression
open space
park
riparian
spatial
author_facet Rosalind H. Bark
Daniel E. Osgood
Bonnie G. Colby
Eve B. Halper
author_sort Rosalind H. Bark
title How Do Homebuyers Value Different Types of Green Space?
title_short How Do Homebuyers Value Different Types of Green Space?
title_full How Do Homebuyers Value Different Types of Green Space?
title_fullStr How Do Homebuyers Value Different Types of Green Space?
title_full_unstemmed How Do Homebuyers Value Different Types of Green Space?
title_sort how do homebuyers value different types of green space?
publisher Western Agricultural Economics Association
series Journal of Agricultural and Resource Economics
issn 1068-5502
2327-8285
publishDate 2011-08-01
description 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 metropolitan areas.
topic golf course
hedonic model
locally weighted regression
open space
park
riparian
spatial
url https://ageconsearch.umn.edu/record/117210
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