Pub Date : 2021-10-20DOI: 10.3368/le.98.1.110519-0159r2
Jayash Paudel
This article uses satellite data on real-time active fire locations to evaluate the effect of forest fires on property values in Nepal. Results show that an additional unit increase in fire radiative power from last month’s forest fires causes a 0.61% decrease in residential property values. Property values decline by 4.48% for every additional unit increase in the number of forest fire incidents over the past year. These estimates suggest that policy makers should prioritize wildfire-risk awareness and fire-prevention programs in areas with higher levels of declined property values associated with recurring forest fire incidents.
{"title":"Environmental Disasters and Property Values: Evidence from Nepal’s Forest Fires","authors":"Jayash Paudel","doi":"10.3368/le.98.1.110519-0159r2","DOIUrl":"https://doi.org/10.3368/le.98.1.110519-0159r2","url":null,"abstract":"This article uses satellite data on real-time active fire locations to evaluate the effect of forest fires on property values in Nepal. Results show that an additional unit increase in fire radiative power from last month’s forest fires causes a 0.61% decrease in residential property values. Property values decline by 4.48% for every additional unit increase in the number of forest fire incidents over the past year. These estimates suggest that policy makers should prioritize wildfire-risk awareness and fire-prevention programs in areas with higher levels of declined property values associated with recurring forest fire incidents.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"98 1","pages":"115 - 131"},"PeriodicalIF":1.4,"publicationDate":"2021-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42235730","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-20DOI: 10.3368/le.98.1.040720-0050r1
T. Cameron, Sonja H. Kolstoe
Data from citizen science (CS) projects (and some social media) can offer selected samples with extensive information about human interactions with the natural world. Independently, we elicit levels of engagement with the eBird project from members of the eBird CS project and from a general-population sample. The general-population sample allows an ordered-probit model to explain propensities to engage with eBird at different levels, which we transfer to predict selection-correction terms for our independent sample of eBird members. We illustrate our method with a question posed only to our eBird-member survey sample about the radii of their individual spatial consideration sets for typical one-day birding excursions.
{"title":"Using Auxiliary Population Samples for Sample-Selection Correction in Models Based on Crowd-Sourced Volunteered Geographic Information","authors":"T. Cameron, Sonja H. Kolstoe","doi":"10.3368/le.98.1.040720-0050r1","DOIUrl":"https://doi.org/10.3368/le.98.1.040720-0050r1","url":null,"abstract":"Data from citizen science (CS) projects (and some social media) can offer selected samples with extensive information about human interactions with the natural world. Independently, we elicit levels of engagement with the eBird project from members of the eBird CS project and from a general-population sample. The general-population sample allows an ordered-probit model to explain propensities to engage with eBird at different levels, which we transfer to predict selection-correction terms for our independent sample of eBird members. We illustrate our method with a question posed only to our eBird-member survey sample about the radii of their individual spatial consideration sets for typical one-day birding excursions.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"98 1","pages":"1 - 21"},"PeriodicalIF":1.4,"publicationDate":"2021-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42990448","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-20DOI: 10.3368/le.98.1.031020-0036r1
Wei Chen, J. E. Flatnes, D. Miteva, H. Klaiber
We use citizen science eBird data to investigate the effect of deforestation on birdwatching across Mexico. Using detailed data on individual trips reported to eBird, we construct annual count data on visits to 1,810 Mexican municipalities from 2008 to 2016 to examine how deforestation affects visitation patterns. We find that a municipality, experiencing an increase in deforestation equivalent to the average deforestation over our study period, would see birdwatching visits decrease by 4.4% a year. The results also provide an application of citizen science data using an underused source of information on economic behavior in an otherwise limited data environment.
{"title":"The Impact of Deforestation on Nature-Based Recreation: Evidence from Citizen Science Data in Mexico","authors":"Wei Chen, J. E. Flatnes, D. Miteva, H. Klaiber","doi":"10.3368/le.98.1.031020-0036r1","DOIUrl":"https://doi.org/10.3368/le.98.1.031020-0036r1","url":null,"abstract":"We use citizen science eBird data to investigate the effect of deforestation on birdwatching across Mexico. Using detailed data on individual trips reported to eBird, we construct annual count data on visits to 1,810 Mexican municipalities from 2008 to 2016 to examine how deforestation affects visitation patterns. We find that a municipality, experiencing an increase in deforestation equivalent to the average deforestation over our study period, would see birdwatching visits decrease by 4.4% a year. The results also provide an application of citizen science data using an underused source of information on economic behavior in an otherwise limited data environment.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"98 1","pages":"22 - 40"},"PeriodicalIF":1.4,"publicationDate":"2021-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41868568","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-20DOI: 10.3368/le.98.1.102020-0158r
Todd H. Kuethe, Brady E. Brewer, Chad Fiechter
Farmland price expectations play a critical role in farm investment decisions, yet previous studies suggest that market experts’ expectations are not rational. That is, market experts do not make efficient use of all available information. This article tests the degree to which expectations are consistent with rational expectations, under symmetric and asymmetric loss, based on aggregate expectations from Purdue Farmland Values and Cash Rent Survey between 1979 and 2019. We find robust evidence that farmland market experts are averse to overpredicting farmland price increases. When this asymmetry is considered, farmland market experts are shown to be rational loss minimizers.
{"title":"Loss Aversion in Farmland Price Expectations","authors":"Todd H. Kuethe, Brady E. Brewer, Chad Fiechter","doi":"10.3368/le.98.1.102020-0158r","DOIUrl":"https://doi.org/10.3368/le.98.1.102020-0158r","url":null,"abstract":"Farmland price expectations play a critical role in farm investment decisions, yet previous studies suggest that market experts’ expectations are not rational. That is, market experts do not make efficient use of all available information. This article tests the degree to which expectations are consistent with rational expectations, under symmetric and asymmetric loss, based on aggregate expectations from Purdue Farmland Values and Cash Rent Survey between 1979 and 2019. We find robust evidence that farmland market experts are averse to overpredicting farmland price increases. When this asymmetry is considered, farmland market experts are shown to be rational loss minimizers.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"98 1","pages":"98 - 114"},"PeriodicalIF":1.4,"publicationDate":"2021-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48228426","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-20DOI: 10.3368/le.98.1.060520-0077r1
Richard T. Melstrom, Rose Mohammadi
We examine whether moving behavior contributes to the correlation between race and pollution using a residential sorting model and data on neighborhood demographics in Chicago. We find that black residents are less likely to stay and thus more likely to be displaced compared with white residents in neighborhoods after brownfields are cleaned up, contributing to environmental gentrification. This provides evidence that race and pollution become increasingly correlated because of moving behavior, with people of color less likely to move toward cleaner neighborhoods. Cleaning up pollution without a policy that acknowledges residential mobility may thus fail to correct environmental injustice.
{"title":"Residential Mobility, Brownfield Remediation, and Environmental Gentrification in Chicago","authors":"Richard T. Melstrom, Rose Mohammadi","doi":"10.3368/le.98.1.060520-0077r1","DOIUrl":"https://doi.org/10.3368/le.98.1.060520-0077r1","url":null,"abstract":"We examine whether moving behavior contributes to the correlation between race and pollution using a residential sorting model and data on neighborhood demographics in Chicago. We find that black residents are less likely to stay and thus more likely to be displaced compared with white residents in neighborhoods after brownfields are cleaned up, contributing to environmental gentrification. This provides evidence that race and pollution become increasingly correlated because of moving behavior, with people of color less likely to move toward cleaner neighborhoods. Cleaning up pollution without a policy that acknowledges residential mobility may thus fail to correct environmental injustice.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"98 1","pages":"62 - 77"},"PeriodicalIF":1.4,"publicationDate":"2021-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46435001","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-20DOI: 10.3368/le.98.1.062620-0092r
Sarah E. Tione,Stein T. Holden
{"title":"Nonconvex Transaction Costs and Land Rental Market Participation in Malawi","authors":"Sarah E. Tione,Stein T. Holden","doi":"10.3368/le.98.1.062620-0092r","DOIUrl":"https://doi.org/10.3368/le.98.1.062620-0092r","url":null,"abstract":"","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"10 1","pages":"150-164"},"PeriodicalIF":1.4,"publicationDate":"2021-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138530034","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We assess how nonconvex transaction costs constrain access to and participation in the land rental market by smallholder farmers in sub-Saharan Africa. The theory suggests a dynamic externality due to such transaction costs and that orchestrated participation can reduce such costs and enhance future participation. We use dynamic random effects probit and Tobit models with balanced panel data from Malawi to assess participation on the tenant side of the market. We observe that initial and earlier land rental market participation significantly increases participation in the subsequent years, consistent with dynamic nonconvex transaction costs and possible entry barriers in the market.
{"title":"Nonconvex Transaction Costs and Land Rental Market Participation in Malawi","authors":"S. Tione, S. Holden","doi":"10.22004/AG.ECON.295858","DOIUrl":"https://doi.org/10.22004/AG.ECON.295858","url":null,"abstract":"We assess how nonconvex transaction costs constrain access to and participation in the land rental market by smallholder farmers in sub-Saharan Africa. The theory suggests a dynamic externality due to such transaction costs and that orchestrated participation can reduce such costs and enhance future participation. We use dynamic random effects probit and Tobit models with balanced panel data from Malawi to assess participation on the tenant side of the market. We observe that initial and earlier land rental market participation significantly increases participation in the subsequent years, consistent with dynamic nonconvex transaction costs and possible entry barriers in the market.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"98 1","pages":"150 - 164"},"PeriodicalIF":1.4,"publicationDate":"2021-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49295428","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-20DOI: 10.3368/le.98.1.011820-0007r1
J. Penn, Sapana Bastola, Wuyang Hu
To respond to the environmental problems posed by disposable plastic bags, several mechanisms exist, such as bag taxes and bans, but such policies are infeasible in several U.S. states and municipalities. This study uses a social quasi-experiment to examine the effect of a voluntary token-donation program, which reduces disposable plastic bag use by providing a small charitable donation incentive. We find that the token-donation program reduces the probability of disposable bag use by 11.4–12.9 percentage points, representing about 30%–34% decrease in bag use. Our results demonstrate effective mechanisms to reduce plastic bags exist without government-mandated policy.
{"title":"Nudging Away from Plastic Bags with Charitable Donations","authors":"J. Penn, Sapana Bastola, Wuyang Hu","doi":"10.3368/le.98.1.011820-0007r1","DOIUrl":"https://doi.org/10.3368/le.98.1.011820-0007r1","url":null,"abstract":"To respond to the environmental problems posed by disposable plastic bags, several mechanisms exist, such as bag taxes and bans, but such policies are infeasible in several U.S. states and municipalities. This study uses a social quasi-experiment to examine the effect of a voluntary token-donation program, which reduces disposable plastic bag use by providing a small charitable donation incentive. We find that the token-donation program reduces the probability of disposable bag use by 11.4–12.9 percentage points, representing about 30%–34% decrease in bag use. Our results demonstrate effective mechanisms to reduce plastic bags exist without government-mandated policy.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"98 1","pages":"132 - 149"},"PeriodicalIF":1.4,"publicationDate":"2021-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44916075","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-08DOI: 10.3368/le.97.4.072820-0115r1
Craig E. Landry,Sarah Anderson,Elena Krasovskaia,Dylan Turner
{"title":"Willingness to Pay for Multi-peril Hazard Insurance","authors":"Craig E. Landry,Sarah Anderson,Elena Krasovskaia,Dylan Turner","doi":"10.3368/le.97.4.072820-0115r1","DOIUrl":"https://doi.org/10.3368/le.97.4.072820-0115r1","url":null,"abstract":"","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"44 1","pages":"797-818"},"PeriodicalIF":1.4,"publicationDate":"2021-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138542188","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-08DOI: 10.3368/le.97.4.011720-0005r
Alex Blanchette, Corey Lang, Jarron VanCeylon
We estimate hedonic valuation models of local open space separately for 215 cities in the eastern United States and derive city-specific marginal willingness to pay (MWTP). We then examine variation in MWTP and city-level determinants. Valuation is largely local–relatively large changes in income or existing conservation lead to modest changes in MWTP–suggesting validity of benefit transfer across regions. However, geographic features that naturally limit development correlate with MWTP. As a result, we examine geographic features as instrumental variables and find that on average steep slope and water/wetlands yield valuation coefficients of opposite sign, consistent with a local average treatment effect interpretation
{"title":"Variation in Valuation: Open Space and Geography","authors":"Alex Blanchette, Corey Lang, Jarron VanCeylon","doi":"10.3368/le.97.4.011720-0005r","DOIUrl":"https://doi.org/10.3368/le.97.4.011720-0005r","url":null,"abstract":"We estimate hedonic valuation models of local open space separately for 215 cities in the eastern United States and derive city-specific marginal willingness to pay (MWTP). We then examine variation in MWTP and city-level determinants. Valuation is largely local–relatively large changes in income or existing conservation lead to modest changes in MWTP–suggesting validity of benefit transfer across regions. However, geographic features that naturally limit development correlate with MWTP. As a result, we examine geographic features as instrumental variables and find that on average steep slope and water/wetlands yield valuation coefficients of opposite sign, consistent with a local average treatment effect interpretation","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"97 1","pages":"768 - 780"},"PeriodicalIF":1.4,"publicationDate":"2021-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41595415","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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