Valuing open space in a residential sorting model of the Twin Cities
AbstractWe present an analysis of how open space amenities affect residential location choices using a horizontal sorting model to estimate household preferences for open space. To parameterize the model, a new and rich dataset spanning 17 years of home sales in the seven-county Twin Cities area of Minnesota was assembled. Heterogeneity across types of open space and across households is shown to be a critical determinant of the welfare impacts of open space conservation. Our general equilibrium simulations allow housing prices to re-equilibrate in response to policy-induced demand shifts, demonstrating that as the scale of intervention becomes larger, general equilibrium and partial equilibrium welfare measures increasingly diverge. Finally, we find that the spatial structure of policy is an important component of policy design, suggesting open space policy should be place-specific in its design and implementation.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Journal of Environmental Economics and Management.
Volume (Year): 60 (2010)
Issue (Month): 2 (September)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/622870
Tiebout sorting Open space Locational equilibrium General equilibrium Housing demand;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Wrenn, Douglas H. & Sam, Abdoul G. & Irwin, Elena G., 2012. "Searching for the Urban Fringe: Exploring Spatio-Temporal Variations in the Effect of Distance versus Local Interactions on Residential Land Conversion Using a Conditionally-Parametric Discrete-Time D," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 125007, Agricultural and Applied Economics Association.
- Livy, Mitchell & Klaiber, H. Allen, 2013. "Maintaining Public Goods: Household Valuation of New and Renovated Local Parks," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150634, Agricultural and Applied Economics Association.
- Mark van Duijn & Jan Rouwendal, 2013.
"Cultural heritage and the location choice of Dutch households in a residential sorting model,"
Journal of Economic Geography,
Oxford University Press, vol. 13(3), pages 473-500, May.
- Mark Van Duijn & Jan Rouwendal, 2011. "Cultural Heritage and the Location Choice of Dutch Households in a Residential Sorting Model," ERSA conference papers ersa11p648, European Regional Science Association.
- Constant Tra, 2009. "Title: A Discrete Choice Equilibrium Approach to Valuing Large Environmental Changes," Working Papers 0922, University of Nevada, Las Vegas , Department of Economics.
- Goodenberger, James & Klaiber, H. Allen, 2013. "Evading Invasives: How Eurasian Water-Milfoil Effects the Development of Lakefront Properties," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150309, Agricultural and Applied Economics Association.
- Kuminoff, Nicolai V., 2009. "Using a Bundled Amenity Model to Estimate the Value of Cropland Open Space and Determine an Optimal Buffer Zone," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 34(1), April.
- Chen, Yong & Irwin, Elena G. & Jayaprakash, Ciriyam, 2011. "Incorporating Spatial Complexity into Economic Models of Land Markets and Land Use Change," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 40(3), December.
- Abildtrup, Jens & Garcia, Serge & Olsen, Soren Boye & Stenger, Anne, 2011.
"Spatial Preference Heterogeneity in Forest Recreation,"
2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland
120386, European Association of Agricultural Economists.
- Abildtrup, Jens & Garcia, Serge & Olsen, Søren Bøye & Stenger, Anne, 2013. "Spatial preference heterogeneity in forest recreation," Ecological Economics, Elsevier, vol. 92(C), pages 67-77.
- Wenjie Wu, 2012. "Spatial Variations in Amenity Values: New Evidence from Beijing, China," SERC Discussion Papers 0113, Spatial Economics Research Centre, LSE.
- Abbott, Joshua K. & Klaiber, H. Allen, 2010. "Is all space created equal? Uncovering the relationship between competing land uses in subdivisions," Ecological Economics, Elsevier, vol. 70(2), pages 296-307, December.
- Michael Brady & Elena Irwin, 2011. "Accounting for Spatial Effects in Economic Models of Land Use: Recent Developments and Challenges Ahead," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 48(3), pages 487-509, March.
- Nicolai V. Kuminoff & V. Kerry Smith & Christopher Timmins, 2013. "The New Economics of Equilibrium Sorting and Policy Evaluation Using Housing Markets," Journal of Economic Literature, American Economic Association, vol. 51(4), pages 1007-62, December.
- Fan, Qin & Klaiber, H. Allen & Fisher-Vanden, Karen, 2012. "Climate Change Impacts on U.S. Migration and Household Location Choice," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124588, Agricultural and Applied Economics Association.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.