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Is there more to trees than timber? Estimating the private amenity value of forests using a hedonic land model for combined agricultural properties

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  • Lautrup, M.
  • Panduro, T.E.
  • Olsen, J.V.
  • Pedersen, M.F.
  • Jacobsen, J.B.

Abstract

Forests offer a range of amenity values besides the production value of timber. We know from existing studies, that the trees' height and species affect the public's recreational values, but it is less clear how much the joy of owning a property with forest matters, and whether the joy depends on characteristics like tree height and species.

Suggested Citation

  • Lautrup, M. & Panduro, T.E. & Olsen, J.V. & Pedersen, M.F. & Jacobsen, J.B., 2023. "Is there more to trees than timber? Estimating the private amenity value of forests using a hedonic land model for combined agricultural properties," Forest Policy and Economics, Elsevier, vol. 146(C).
    • Handle: RePEc:eee:forpol:v:146:y:2023:i:c:s1389934122001800
    DOI: 10.1016/j.forpol.2022.102867
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