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...
Main Authors: | , , , |
---|---|
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 |
id |
doaj-22d2203ce4004d3ab7bfc3301efd9488 |
---|---|
record_format |
Article |
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 |
work_keys_str_mv |
AT rosalindhbark howdohomebuyersvaluedifferenttypesofgreenspace AT danieleosgood howdohomebuyersvaluedifferenttypesofgreenspace AT bonniegcolby howdohomebuyersvaluedifferenttypesofgreenspace AT evebhalper howdohomebuyersvaluedifferenttypesofgreenspace |
_version_ |
1724710956824526848 |