GIS-Based Estimation of Housing Amenities: The Case of High Grounds and Stagnant Streams
AbstractWe use GIS and econometric methods to estimate the marginal implicit values of environmental amenities associated with residential land parcels in the mountain town of Logan, Utah. Amenities include proximity to open spaces (such as parks, golf courses and lakes), commercial zones, major roads, streams, and general visibility of surrounding topography in the valley as determined by the elevation of the land parcel. The amenity value estimates are corrected for spatial autocorrelation. We find a positive relationship between a parcelâ€™s value and its elevation, and a negative relationship between value and adjacency to a stagnant stream. To our knowledge, this is the first hedonic study to assess the effect of stream stagnancy on land value.
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Bibliographic InfoPaper provided by Utah State University, Department of Economics in its series Working Papers with number 2010-01.
Length: 19 pages
Date of creation: 07 Jun 2010
Date of revision:
hedonic valuation; stagnant streams; high elevation;
Other versions of this item:
- Shibashis Mukherjee & Arthur Caplan, 2011. "GIS-based estimation of housing amenities: the case of high grounds and stagnant streams," Letters in Spatial and Resource Sciences, Springer, vol. 4(1), pages 49-61, March.
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- Q59 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Other
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-07-17 (All new papers)
- NEP-ENV-2010-07-17 (Environmental Economics)
- NEP-TUR-2010-07-17 (Tourism Economics)
- NEP-URE-2010-07-17 (Urban & Real Estate Economics)
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