2017
DOI: 10.1016/j.ecolecon.2016.12.014
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Modeling the Property Price Impact of Water Quality in 14 Chesapeake Bay Counties

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Cited by 48 publications
(46 citation statements)
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“…Using data from the Chesapeake Bay area, Walsh et al (2017) also find a discount for properties vulnerable to SLR but that the discount is offset in the presence of adaptive structures such as bulkheads and ripraps. They show that homes in the high risk inundation areas sell for an average of 19-23 percent less if there is a lack of protective structures.…”
Section: Introductionmentioning
confidence: 86%
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“…Using data from the Chesapeake Bay area, Walsh et al (2017) also find a discount for properties vulnerable to SLR but that the discount is offset in the presence of adaptive structures such as bulkheads and ripraps. They show that homes in the high risk inundation areas sell for an average of 19-23 percent less if there is a lack of protective structures.…”
Section: Introductionmentioning
confidence: 86%
“…For example, it focuses on only one narrow geographic location and one should be cautious about extrapolating these results to other coastal areas where inundation risk and median home values may be different. Furthermore, work by Walsh et al (2017) suggests that adaptive structures may reduce the impact of SLR on home values. This study does not take into account adaptations home owners may undertake as their understanding of SLR changes over time.…”
mentioning
confidence: 99%
“…The variation of WTP with distance is a crucial element of outdoor recreation demand models, in which costs of access are strongly related to the travel distance between a recreational users' residence and her destination. In hedonic models the distance between a property and a river or lake is sometimes included as an explanatory variable, and researchers have generally found that the influence of resource quality on property values declines substantially within 1 to 2 kilometers away from the resource; e.g., (Walsh, Griffiths, Guignet, & Klemick, 2017). The treatment of distance decay is more speculative with stated preference approaches, however, particularly inasmuch as one common argument for employing stated preference methods is that some of the values they capture may be entirely divorced from use.…”
Section: Epa Benefit Transfer Challengesmentioning
confidence: 99%
“…Studies have either focused on one specific local context [18,19], or compared various local environments ranging over wide territorial areas to estimate the effect of the proximity to natural attractions [20][21][22], or big infrastructures such as airports [23]. More recently, the assessment of the benefits and co-benefits of environmental amenities or green infrastructures [24], or the exposure to environmental hazards [25] has received major attention.…”
Section: The Use Of Hedonic Approach For the Assessment Or Urban Qualitymentioning
confidence: 99%