Ridge, Slope, and Hillside Protection Taskforce Projects in Knox County, Tennessee: Costs and Benefits of Reforestation of Target Areas
AbstractMany communities in the United States face the decision about whether to protect or restore forests on environmentally sensitive sites. The objective of this research is to identify priority areas for forest landscape restoration in Knox County, Tennessee. A cost-benefit analysis is conducted to determine individuals’ willingness to accept reforestation as a substitute for other potential land uses, given the explicit costs and benefits of reforestation. A sequence of hedonic models is used to estimate differences in values attached to housing prices of multiple potential sites for restoration projects values. This approach allows the establishment of an overall price-distance relationship between the amenity values attributable to both deforested and forested areas and their proximities to housing locations within the county. Based on the overall price-distance relationship, the sum of the differences between amenity values of deforested and forested areas is estimated, as reflected in housing prices across different proximities to potential restoration sites. The results of this study show that there are potentially great gains to the community through reforestation projects but those benefits can vary greatly depending on the acreages of potential target sites, the number of houses in the surrounding area, and the proximity of houses surrounding the site.
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.
Bibliographic InfoPaper provided by Agricultural and Applied Economics Association in its series 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania with number 103846.
Date of creation: 2011
Date of revision:
Contact details of provider:
Postal: 555 East Wells Street, Suite 1100, Milwaukee, Wisconsin 53202
Phone: (414) 918-3190
Fax: (414) 276-3349
Web page: http://www.aaea.org
More information through EDIRC
Amenity Valuation of Forest Land; Cost-Benefit Analysis; Hedonic Price Model; Reforestation Decision.; Community/Rural/Urban Development; Environmental Economics and Policy; Land Economics/Use; Public Economics;
This paper has been announced in the following NEP Reports:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).
If references are entirely missing, you can add them using this form.