Using a Bundled Amenity Model to Estimate the Value of Cropland Open Space and Determine an Optimal Buffer Zone
This study investigates how proximity to cropland influences residential property values and considers the public policy implications. The hedonic model generalizes previous studies by recognizing that the bundle of externalities generated by crop production may increase the price of some homes and decrease the price of others, depending on their respective locations. Using an instrumental variables approach to estimate the model for San Joaquin County, California, suggests that proximity to cropland increases the value of most, but not all, single-family homes near the agricultural-urban edge. The results imply an agricultural buffer zone of 68 meters would mitigate most cropland disamenities.
Volume (Year): 34 (2009)
Issue (Month): 1 (April)
|Contact details of provider:|| Web page: http://waeaonline.org/|
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Caruso, Geoffrey & Peeters, Dominique & Cavailhes, Jean & Rounsevell, Mark, 2007.
"Spatial configurations in a periurban city. A cellular automata-based microeconomic model,"
Regional Science and Urban Economics,
Elsevier, vol. 37(5), pages 542-567, September.
- CARUSO, Geoffrey & PEETERS, Dominique & CAVAILHES, Jean & ROUNSEVELL, Mark, "undated". "Spatial configurations in a periurban city. A cellular automata-based microeconomic model," CORE Discussion Papers RP 1986, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Kerry Smith, V. & Sieg, Holger & Spencer Banzhaf, H. & Walsh, Randall P., 2004. "General equilibrium benefits for environmental improvements: projected ozone reductions under EPA's Prospective Analysis for the Los Angeles air basin," Journal of Environmental Economics and Management, Elsevier, vol. 47(3), pages 559-584, May.
- Kopits, Elizabeth A. & McConnell, Virginia D. & Walls, Margaret A., 2007.
"The Trade-off between Private Lots and Public Open Space in Subdivisions at the Urban-Rural Fringe,"
dp-07-33, Resources For the Future.
- Elizabeth Kopits & Virginia McConnell & Margaret Walls, 2007. "The Trade-off between Private Lots and Public Open Space in Subdivisions at the Urban-Rural Fringe," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(5), pages 1191-1197.
- Leggett, Christopher G. & Bockstael, Nancy E., 2000. "Evidence of the Effects of Water Quality on Residential Land Prices," Journal of Environmental Economics and Management, Elsevier, vol. 39(2), pages 121-144, March.
- Parker, Dawn C. & Munroe, Darla K., 2007. "The geography of market failure: Edge-effect externalities and the location and production patterns of organic farming," Ecological Economics, Elsevier, vol. 60(4), pages 821-833, February.
- Tyrvainen, Liisa & Miettinen, Antti, 2000. "Property Prices and Urban Forest Amenities," Journal of Environmental Economics and Management, Elsevier, vol. 39(2), pages 205-223, March.
- Bell, Kathleen P. & Irwin, Elena G., 2002.
"Spatially explicit micro-level modelling of land use change at the rural-urban interface,"
Agricultural Economics of Agricultural Economists,
International Association of Agricultural Economists, vol. 27(3), pages -, November.
- Bell, Kathleen P. & Irwin, Elena G., 2002. "Spatially explicit micro-level modelling of land use change at the rural-urban interface," Agricultural Economics, Blackwell, vol. 27(3), pages 217-232, November.
- Homans, Frances R. & Marshall, Elizabeth P., 2008. "Modeling Recreational Amenities in an Urban Setting: Location, Congestion, and Substitution Effects," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 37(2), October.
- Elena G. Irwin & Nancy E. Bockstael, 2001. "The Problem of Identifying Land Use Spillovers: Measuring the Effects of Open Space on Residential Property Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(3), pages 698-704.
- Richard C. Ready & Charles W. Abdalla, 2005. "The Amenity and Disamenity Impacts of Agriculture: Estimates from a Hedonic Pricing Model," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(2), pages 314-326.
- Cameron, Trudy Ann, 2006.
"Directional heterogeneity in distance profiles in hedonic property value models,"
Journal of Environmental Economics and Management,
Elsevier, vol. 51(1), pages 26-45, January.
- Trudy Ann Cameron, 2003. "Directional Heterogeneity in Distance Profiles in Hedonic Property Value Models," University of Oregon Economics Department Working Papers 2003-17, University of Oregon Economics Department, revised 01 Jul 2003.
- Parker, Dawn Cassandra, 2007. "Revealing "space" in spatial externalities: Edge-effect externalities and spatial incentives," Journal of Environmental Economics and Management, Elsevier, vol. 54(1), pages 84-99, July.
- Palmquist, Raymond B., 2006. "Property Value Models," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 16, pages 763-819 Elsevier.
- Allen Klaiber, H. & Phaneuf, Daniel J., 2010. "Valuing open space in a residential sorting model of the Twin Cities," Journal of Environmental Economics and Management, Elsevier, vol. 60(2), pages 57-77, September.
- Geoghegan, Jacqueline & Wainger, Lisa A. & Bockstael, Nancy E., 1997. "Spatial landscape indices in a hedonic framework: an ecological economics analysis using GIS," Ecological Economics, Elsevier, vol. 23(3), pages 251-264, December.
When requesting a correction, please mention this item's handle: RePEc:ags:jlaare:50086. See general 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 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.