The Implications of Federal Wetland Protection Programs for the Real Estate Appraisal Industry
Because most of the services that natural wetlands provide are nonexclusive, the economic value of these services is not capitalized into their market price. Because land markets tend to favor development of natural wetlands without recognizing the opportunity cost of natural wetland services forgone, the federal government has deemed it necessary to regulate wetland development. Enforcement of these regulations increases the cost and risk of wetland development, thereby reducing the market price of wetlands. Appraisers who value wetlands must consider the effect of these regulations on wetland values or face the possibility of liability claims and costly litigation.
Volume (Year): 5 (1990)
Issue (Month): 1 ()
|Contact details of provider:|| Postal: |
Web page: http://www.aresnet.org/Email:
|Order Information:|| Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323|
Web: http://pages.jh.edu/jrer/about/get.htm Email:
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.:
- Danielson, Leon E. & Leitch, Jay A., 1986. "Private vs public economics of prairie wetland allocation," Journal of Environmental Economics and Management, Elsevier, vol. 13(1), pages 81-92, March.
- Frederick W. Bell & Vernon R. Leeworthy, 1987. "Economic Demand for Marinas and Projected Impact on Wetlands," Land Economics, University of Wisconsin Press, vol. 63(1), pages 79-91.
When requesting a correction, please mention this item's handle: RePEc:jre:issued:v:5:n:1:1990:p:153-166. 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: (JRER Graduate Assistant/Webmaster)
If references are entirely missing, you can add them using this form.