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Valuing Open Space In A Marshland Environment: Development Alternatives For Coastal Georgia

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  • ATREYA, AJITA
  • KRIESEL, WARREN
  • MULLEN, JEFFREY D.

Abstract

In a coastal environment, open space can exist as land set aside by a real estate developer or as tidal marshland. In this article, we determine the relative values of both types of open spaces in a coastal county in Georgia using a spatial hedonic price framework. Results indicate that (1) there is a price premium associated with the marshlands and (2) developers have market incentives to incorporate more open space into their designs of residential subdivisions. Regarding marshlands, we also find that accessibility is an important variable that adds much more value to a property than just the proximity.

Suggested Citation

  • Atreya, Ajita & Kriesel, Warren & Mullen, Jeffrey D., 2016. "Valuing Open Space In A Marshland Environment: Development Alternatives For Coastal Georgia," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 48(4), pages 383-402, November.
    • Handle: RePEc:cup:jagaec:v:48:y:2016:i:04:p:383-402_00
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    Cited by:

    1. Anderson, John E. & Giertz, Seth H. & Shimul, Shafiun N., 2022. "Reducing property taxes for agriculture: Diffusion of use-value assessment policy across the United States," Land Use Policy, Elsevier, vol. 120(C).
    2. Juan Tu & Feng Qiu & Meng Yang, 2022. "Investigation of Whether People Are Willing to Pay a Premium for Living in Food Swamps: A Study of Edmonton, Canada," Sustainability, MDPI, vol. 14(10), pages 1-17, May.
    3. Meng Yang & Feng Qiu & Juan Tu, 2022. "Premiums for Residing in Unfavorable Food Environments: Are People Rational?," IJERPH, MDPI, vol. 19(12), pages 1-14, June.

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