Pub Date : 2023-08-18DOI: 10.3368/le.100.1.102122-0088r1
Jeffrey E. Zabel, C. Nolte, R. Paterson
The National Park Service (NPS) is expected to calculate the economic benefits of national parks for use when evaluating policy and management options of the parks (Loomis 2002). We estimate the marginal willingness to pay (MWTP) to live close to a national park that is capitalized into house prices for 18 national parks. We find that estimated effects can be significant and are heterogeneous across different types of parks. However, these effects can also be attributed to other factors in the housing market which brings the significance of these estimated impacts into question. doi:10.3368/le.100.1.102122-0088R1 by g ue st o n A ug us t 2 9, 2 02 3. C op yr ig ht 2 02 3 D ow nl oa de d fr om
国家公园管理局（NPS）预计将在评估公园的政策和管理方案时计算国家公园的经济效益（Loomis 2002）。我们估计了居住在国家公园附近的边际支付意愿（MWTP），该意愿被资本化为18个国家公园的房价。我们发现，估计的影响可能是显著的，并且在不同类型的公园中是异质的。然而，这些影响也可归因于住房市场的其他因素，这使这些估计影响的重要性受到质疑。doi:10.3368/l.101.102122-0088R1，作者：A ug us t 2 9，2 02 3。C op yr ig ht 2 02 3 D ow nl oa de D from
{"title":"Measuring the Value of U.S. National Parks using Hedonic Property Value Models","authors":"Jeffrey E. Zabel, C. Nolte, R. Paterson","doi":"10.3368/le.100.1.102122-0088r1","DOIUrl":"https://doi.org/10.3368/le.100.1.102122-0088r1","url":null,"abstract":"The National Park Service (NPS) is expected to calculate the economic benefits of national parks for use when evaluating policy and management options of the parks (Loomis 2002). We estimate the marginal willingness to pay (MWTP) to live close to a national park that is capitalized into house prices for 18 national parks. We find that estimated effects can be significant and are heterogeneous across different types of parks. However, these effects can also be attributed to other factors in the housing market which brings the significance of these estimated impacts into question. doi:10.3368/le.100.1.102122-0088R1 by g ue st o n A ug us t 2 9, 2 02 3. C op yr ig ht 2 02 3 D ow nl oa de d fr om","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":" ","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45046977","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 : 2023-07-13DOI: 10.3368/le.100.1.102122-0091r
Anita M. Chaudhry, D. Fairbanks, C. Nolte
{"title":"Water Market Participation and Agricultural Land Values","authors":"Anita M. Chaudhry, D. Fairbanks, C. Nolte","doi":"10.3368/le.100.1.102122-0091r","DOIUrl":"https://doi.org/10.3368/le.100.1.102122-0091r","url":null,"abstract":"","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":" ","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46391169","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 : 2023-07-13DOI: 10.3368/le.100.1.102122-0087r
Lala Ma, M. Walls, Matthew Wibbenmeyer, Connor Lennon
{"title":"Risk Disclosure and Home Prices","authors":"Lala Ma, M. Walls, Matthew Wibbenmeyer, Connor Lennon","doi":"10.3368/le.100.1.102122-0087r","DOIUrl":"https://doi.org/10.3368/le.100.1.102122-0087r","url":null,"abstract":"","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":" ","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46636665","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 : 2023-07-13DOI: 10.3368/le.100.1.102022-0085r
Zhenshan Chen, Charles A. Towe
{"title":"Pricing Coastal Amenities and Flood Hazards","authors":"Zhenshan Chen, Charles A. Towe","doi":"10.3368/le.100.1.102022-0085r","DOIUrl":"https://doi.org/10.3368/le.100.1.102022-0085r","url":null,"abstract":"","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":" ","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46838957","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 : 2023-06-14DOI: 10.3368/le.100.1.102122-0090r
C. Nolte, K. Boyle, Anita M. Chaudhry, C. Clapp, Dennis Guignet, Hannah Hennighausen, Ido Kushner, Yanjun Liao, Saleh Mamun, Adam B. Pollack, Jesse Richardson, Shelby Sundquist, Kristen Swedberg, Johannes H. Uhl
We discuss data quality and modeling issues inherent in the use of nationwide property data to value environmental amenities. By example of ZTRAX, a U.S.-wide real estate database, we identify challenges and propose guidance for: (1) the identification of arm’s-length sales, (2) the geo-location of parcels and buildings, (3) temporal linkages between transaction, assessor, and parcel data, (4) the identification of property types, such as single-family homes and vacant lands, and (5) dealing with missing or mismeasured data for standard housing attributes. We review current practice and show that how researchers address these issues can meaningfully influence research findings. by g ue st o n Ju ne 2 2, 2 02 3. C op yr ig ht 2 02 3 D ow nl oa de d fr om
我们讨论了使用全国性房地产数据来评估环境便利设施所固有的数据质量和建模问题。以美国范围内的房地产数据库ZTRAX为例，我们确定了挑战并提出了指导意见：（1）公平销售的识别，（2）地块和建筑物的地理位置，（3）交易、评估员和地块数据之间的时间联系，（4）房地产类型的识别，如独栋住宅和空地，以及（5）处理标准住房属性的缺失或测量错误的数据。我们回顾了当前的实践，并表明研究人员如何解决这些问题可以对研究结果产生有意义的影响。作者：June 2 2，2 02 3。C op yr ig ht 2 02 3 D ow nl oa de D from
{"title":"Data Practices for Studying the Impacts of Environmental Amenities and Hazards with Nationwide Property Data","authors":"C. Nolte, K. Boyle, Anita M. Chaudhry, C. Clapp, Dennis Guignet, Hannah Hennighausen, Ido Kushner, Yanjun Liao, Saleh Mamun, Adam B. Pollack, Jesse Richardson, Shelby Sundquist, Kristen Swedberg, Johannes H. Uhl","doi":"10.3368/le.100.1.102122-0090r","DOIUrl":"https://doi.org/10.3368/le.100.1.102122-0090r","url":null,"abstract":"We discuss data quality and modeling issues inherent in the use of nationwide property data to value environmental amenities. By example of ZTRAX, a U.S.-wide real estate database, we identify challenges and propose guidance for: (1) the identification of arm’s-length sales, (2) the geo-location of parcels and buildings, (3) temporal linkages between transaction, assessor, and parcel data, (4) the identification of property types, such as single-family homes and vacant lands, and (5) dealing with missing or mismeasured data for standard housing attributes. We review current practice and show that how researchers address these issues can meaningfully influence research findings. by g ue st o n Ju ne 2 2, 2 02 3. C op yr ig ht 2 02 3 D ow nl oa de d fr om","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":" ","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43401325","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 : 2023-05-22DOI: 10.3368/le.99.4.041420-0054r1
R. Timilsina, Koji Kotani, Y. Nakagawa, T. Saijo
We address whether intergenerational accountability (IA) is effective at maintaining intergenerational sustainability (IS) by conducting lab-in-the-field experiments of IS dilemma games. In a baseline treatment, a sequence of six generations, each composed of three members, was organized, and each generation chose whether to maintain IS (sustainable option) or maximize their payoff by imposing costs on future generations (unsustainable option) via deliberation. In IA, each generation was asked to provide reasons and advice to subsequent generations, along with the decision. Results indicate that IA induces generations to choose the sustainable option with positive reasons and advice, enhancing IS.
{"title":"Does Being Intergenerationally Accountable Resolve the Intergenerational Sustainability Dilemma?","authors":"R. Timilsina, Koji Kotani, Y. Nakagawa, T. Saijo","doi":"10.3368/le.99.4.041420-0054r1","DOIUrl":"https://doi.org/10.3368/le.99.4.041420-0054r1","url":null,"abstract":"We address whether intergenerational accountability (IA) is effective at maintaining intergenerational sustainability (IS) by conducting lab-in-the-field experiments of IS dilemma games. In a baseline treatment, a sequence of six generations, each composed of three members, was organized, and each generation chose whether to maintain IS (sustainable option) or maximize their payoff by imposing costs on future generations (unsustainable option) via deliberation. In IA, each generation was asked to provide reasons and advice to subsequent generations, along with the decision. Results indicate that IA induces generations to choose the sustainable option with positive reasons and advice, enhancing IS.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"644 - 667"},"PeriodicalIF":1.4,"publicationDate":"2023-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47384983","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 : 2023-05-01DOI: 10.3368/le.070621-0077R1
M. Frondel, K. Kaestner, Stephan Sommer, Colin Vance
Recent research suggests that households increase their electricity consumption after installing photovoltaic (PV) panels, a behavioral change commonly referred to as the solar rebound. Using panel data originating from the German Residential Energy Consumption Survey, we investigate the existence of a solar rebound effect. Our empirical results suggest that PV panel adoption does not change the amount of electricity that households take from the grid. As we derive theoretically, this implies a solar rebound bounded from above by about 50%, while back-of-the-envelope calculations suggest a lower bound of 12% and an average solar rebound of 35%.
{"title":"Photovoltaics and the Solar Rebound","authors":"M. Frondel, K. Kaestner, Stephan Sommer, Colin Vance","doi":"10.3368/le.070621-0077R1","DOIUrl":"https://doi.org/10.3368/le.070621-0077R1","url":null,"abstract":"Recent research suggests that households increase their electricity consumption after installing photovoltaic (PV) panels, a behavioral change commonly referred to as the solar rebound. Using panel data originating from the German Residential Energy Consumption Survey, we investigate the existence of a solar rebound effect. Our empirical results suggest that PV panel adoption does not change the amount of electricity that households take from the grid. As we derive theoretically, this implies a solar rebound bounded from above by about 50%, while back-of-the-envelope calculations suggest a lower bound of 12% and an average solar rebound of 35%.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"265 - 282"},"PeriodicalIF":1.4,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45557363","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 : 2023-04-21DOI: 10.3368/le.99.4.072222-0059r
Thiess Buettner
This article explores the role of fiscal institutions for local land use. It argues that tax-base mobility results in an incentive to expand commercial and residential land use, which is mitigated by fiscal redistribution. These predictions are investigated empirically using a data set of German municipalities. To identify differences in the exposure to fiscal redistribution, I exploit institutional characteristics of fiscal equalization grants using a regression-discontinuity analysis. The results support the role of fiscal incentives for local land use regulation, as commercial and residential land use is expanded much faster, and agricultural land use declines more rapidly in municipalities exempted from fiscal redistribution.
{"title":"Taxation, Fiscal Redistribution, and Local Land Use Regulation","authors":"Thiess Buettner","doi":"10.3368/le.99.4.072222-0059r","DOIUrl":"https://doi.org/10.3368/le.99.4.072222-0059r","url":null,"abstract":"This article explores the role of fiscal institutions for local land use. It argues that tax-base mobility results in an incentive to expand commercial and residential land use, which is mitigated by fiscal redistribution. These predictions are investigated empirically using a data set of German municipalities. To identify differences in the exposure to fiscal redistribution, I exploit institutional characteristics of fiscal equalization grants using a regression-discontinuity analysis. The results support the role of fiscal incentives for local land use regulation, as commercial and residential land use is expanded much faster, and agricultural land use declines more rapidly in municipalities exempted from fiscal redistribution.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"573 - 593"},"PeriodicalIF":1.4,"publicationDate":"2023-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48502207","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 : 2023-04-21DOI: 10.3368/le.99.4.070822-0054r
Liqing Li, Amy W. Ando
Widespread global grassland destruction motivates restoration efforts. However, little research on public preferences exists to inform restoration decisions, and reduced exposure to nature such as grasslands could diminish public willingness to pay (WTP) for it. We conducted a choice experiment to estimate preferences over tallgrass prairie grassland restorations and quantify how those preferences are correlated with childhood experiences. We find that WTP for grassland restoration can be large, especially with recreational opportunities. Further, people who participated in outdoor activities or grew up near grasslands during their childhood place a higher value on grassland restoration than people who did not.
{"title":"Early Exposure to Nature and Willingness to Pay for It: The Value of Tallgrass Prairie Grassland Restoration","authors":"Liqing Li, Amy W. Ando","doi":"10.3368/le.99.4.070822-0054r","DOIUrl":"https://doi.org/10.3368/le.99.4.070822-0054r","url":null,"abstract":"Widespread global grassland destruction motivates restoration efforts. However, little research on public preferences exists to inform restoration decisions, and reduced exposure to nature such as grasslands could diminish public willingness to pay (WTP) for it. We conducted a choice experiment to estimate preferences over tallgrass prairie grassland restorations and quantify how those preferences are correlated with childhood experiences. We find that WTP for grassland restoration can be large, especially with recreational opportunities. Further, people who participated in outdoor activities or grew up near grasslands during their childhood place a higher value on grassland restoration than people who did not.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"509 - 527"},"PeriodicalIF":1.4,"publicationDate":"2023-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41967145","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 : 2023-04-21DOI: 10.3368/le.99.4.041421-0039r2
Federico J. Trindade, Lilyan E. Fulginiti, Richard K. Perrin
Abstract
We examine a half-century of crop yield growth along an 800-mile transect in the U.S. Great Plains. The main contributors to growth were non-specific technical change +53%, irrigation +26%, fertilizer +13% and chemicals +10%. Environmental changes were small and had a minor impact. The wide range of agroclimatic conditions produced significant sub-regional deviations. Irrigation was important in the more arid and warmer areas of the west, while fertilizer and chemicals were more important in the humid east. Sensitivity to weather has increased in the rainfed regions of the east while it has decreased in irrigated regions of the west.
{"title":"A half century of yield growth along the forty-first parallel of the Great Plains","authors":"Federico J. Trindade, Lilyan E. Fulginiti, Richard K. Perrin","doi":"10.3368/le.99.4.041421-0039r2","DOIUrl":"https://doi.org/10.3368/le.99.4.041421-0039r2","url":null,"abstract":"<h3>Abstract</h3> We examine a half-century of crop yield growth along an 800-mile transect in the U.S. Great Plains. The main contributors to growth were non-specific technical change +53%, irrigation +26%, fertilizer +13% and chemicals +10%. Environmental changes were small and had a minor impact. The wide range of agroclimatic conditions produced significant sub-regional deviations. Irrigation was important in the more arid and warmer areas of the west, while fertilizer and chemicals were more important in the humid east. Sensitivity to weather has increased in the rainfed regions of the east while it has decreased in irrigated regions of the west.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"139 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135464036","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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