Valuation Of Ranchette Amenities: A Hedonic Approach
Throughout the Western United States, production ranches are being subdivided into recreation -oriented "ranchettes". This paper presents a hedonic model for ranchettes, introducing the use of remote sensing vegetative indices and neighborhood characteristics. It is found that increased greenness, access to roads, cities, and proximity to open space increase sale prices.
|Date of creation:||2002|
|Date of revision:|
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- Philippe Le Goffe, 2000. "Hedonic Pricing of Agriculture and Forestry Externalities," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 15(4), pages 397-401, April.
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