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The Influence Of Wetland Type And Wetland Proximity On Residential Property Values

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  • Doss, Cheryl R.
  • Taff, Steven J.

Abstract

Using detailed residential housing and wetland location data, we determine relative preferences for proximity to four broad classes of wetlands, as expressed through housing values. Implicit prices for proximity to open-water and scrub-shrub wetlands are relatively higher than those for emergent-vegetation and forested wetlands.

Suggested Citation

  • Doss, Cheryl R. & Taff, Steven J., 1996. "The Influence Of Wetland Type And Wetland Proximity On Residential Property Values," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(01), pages 1-10, July.
    • Handle: RePEc:ags:jlaare:30992
    DOI: 10.22004/ag.econ.30992
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    References listed on IDEAS

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    1. Kohlhase, Janet E., 1991. "The impact of toxic waste sites on housing values," Journal of Urban Economics, Elsevier, vol. 30(1), pages 1-26, July.
    2. Palmquist, Raymond B., 1992. "Valuing localized externalities," Journal of Urban Economics, Elsevier, vol. 31(1), pages 59-68, January.
    3. Doss, Cheryl R. & Taff, Steven J., 1993. "The Relationship Of Property Values And Wetlands Proximity In Ramsey County, Minnesota," Economic Reports 13086, University of Minnesota, Department of Applied Economics.
    4. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    5. Lupi, Frank & Graham-Tomasi, Theodore & Taff, Steven J., 1991. "A Hedonic Approach To Urban Wetland Valuation," Staff Papers 13284, University of Minnesota, Department of Applied Economics.
    6. John C. Bergstrom & John R. Stoll, 1993. "Value Estimator Models for Wetlands-Based Recreational Use Values," Land Economics, University of Wisconsin Press, vol. 69(2), pages 132-137.
    7. Timothy J. Bartik & V. Kerry Smith, 1996. "Urban Amenities and Public Policy," Book chapters authored by Upjohn Institute researchers, in: V. Kerry Smith (ed.),Estimating Economic Values for Nature: Methods for Non-Market Valuation, pages 271-318, W.E. Upjohn Institute for Employment Research.
    8. Lansford, Notie H., Jr. & Jones, Lonnie L., 1995. "Marginal Price Of Lake Recreation And Aesthetics: An Hedonic Approach," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(01), pages 1-12, July.
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