Environmental amenities and agricultural land values: a hedonic model using geographic information systems data

Soil “Ecosystem” Services and Natural Capital: Critical Appraisal of Research on Uncertain Ground

“…Drake concluded that survey results had low precision, in part because of the hypothetical character of the questions, and a lack of experience of the respondents with monetary valuation. A number of other researchers engaged in similar valuation efforts over the years (e.g., Kline and Wichelns, 1996;Bastian et al, 2002;Robbins et al, 2009;Wasson et al, 2013).…”

What are the effects of contamination risks on commercial and industrial properties? evidence from Baltimore, Maryland

“…When running hedonic pricing regressions on property values, some authors (Wieand, 1973;Bastian et al, 2002;Lynch and Lovell, 2002;Howland, 2002) use price per acre (or its log) as the dependent variable. We cannot do so because we have many missing observations for the acreage of a site.…”

Open Spaces, Working Places

“…A Wyoming study found that ranches having wildlife habitat and scenic vistas command higher prices per acre than those which primarily possess agricultural production capacity, even though the latter may be closer to town. 6 Such properties may be out of the fi nancial reach of most local governments except when sellers are able to take advantage of tax incentives for using conservation easements or for making "bargain sales"-when a donor sells property to a charitable organization for less than its fair market value. However, where communities are able to dig deep into their pockets to protect open space, ranch lands are part of their plans.…”