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Watershed development restrictions and land prices: Empirical evidence from southern Appalachia

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  • Chamblee, John F.
  • Dehring, Carolyn A.
  • Depken, Craig A.

Abstract

The State of North Carolina's Water Supply Watershed Protection Act of 1989 required local governments to adopt land use measures in watersheds to protect the water supply emanating from the watersheds. We examine vacant land prices in the Ivy River watershed of Buncombe County, NC, at the time such regulation took effect. Our results suggest that costs of watershed development restrictions are borne primarily by those vacant land owners in the watershed for whom the development restrictions make land subdivision infeasible. We find benefits accruing to land owners on the public water supply or who are adjacent to creeks.

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  • Chamblee, John F. & Dehring, Carolyn A. & Depken, Craig A., 2009. "Watershed development restrictions and land prices: Empirical evidence from southern Appalachia," Regional Science and Urban Economics, Elsevier, vol. 39(3), pages 287-296, May.
    • Handle: RePEc:eee:regeco:v:39:y:2009:i:3:p:287-296
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    3. John Chamblee & Carolyn Dehring & Craig Depken & Joseph Nicholson, 2015. "Water Contamination, Land Prices, and the Statute of Repose," The Journal of Real Estate Finance and Economics, Springer, vol. 51(3), pages 398-414, October.
    4. Christa D. Court & Elham Erfanian, 2019. "A Role for Regional Science in Analyzing Water Issues," Working Papers Research Paper 2019-04, Regional Research Institute, West Virginia University.
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    6. Joseph Hiebert & Karen Allen, 2019. "Valuing Environmental Amenities across Space: A Geographically Weighted Regression of Housing Preferences in Greenville County, SC," Land, MDPI, vol. 8(10), pages 1-16, October.
    7. Grout, Cyrus A. & Jaeger, William K. & Plantinga, Andrew J., 2011. "Land-use regulations and property values in Portland, Oregon: A regression discontinuity design approach," Regional Science and Urban Economics, Elsevier, vol. 41(2), pages 98-107, March.

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