Valuation of Landmass Degradation Using Fuzzy Hedonic Method: A Case Study of National Capital Region
AbstractA Hedonic model to determine the revealed willingness to pay for landmass of different suitability classes, based on landmass functional characteristics obtained through subjective assessments, is developed for the National Capital Region in India. The inherent non-specificity involved in subjective evaluation is minimized using fuzzy logic based regression technique. The proposed fuzzy regression involves regression using central values of triangular fuzzy number and minimization of non-specificity using linear programming. The revealed willingness-to-pay for landmass of different suitability classes is used for valuation of disbenefits due to urban expansion on landmass of different agricultural suitability classes in National Capital Territory of Delhi. Appropriate pricing policies to prevent the future inappropriate landuse practices are developed using the landmass valuation. Copyright Kluwer Academic Publishers 1999
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Bibliographic InfoArticle provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.
Volume (Year): 14 (1999)
Issue (Month): 4 (December)
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Web page: http://www.springerlink.com/link.asp?id=100263
Hedonic model; Fuzzy regression; Landmass degradation;
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