Pub Date : 2023-03-22DOI: 10.3368/le.99.4.041322-0030r1
Yingdan Mei, P. Liu, Li Gao
Black and odorous water bodies (BOWBs) are increasingly common in cities worldwide. This article evaluates the impact of an urban water bodies restoration program in Beijing, China, based on detailed housing sale and rental transaction data. We implement a hedonic price model with a difference-in-difference and a triple-difference approach and find that listing and restoring a BOWB significantly increase house prices by 2.2%–3.9% and 2.3%–4.9%, respectively, and increases rents by 11.3%–13.7% and 13.4%–16.9%, respectively.
{"title":"The Impact of Water Body Restoration on the Sales and Rental Markets in Beijing","authors":"Yingdan Mei, P. Liu, Li Gao","doi":"10.3368/le.99.4.041322-0030r1","DOIUrl":"https://doi.org/10.3368/le.99.4.041322-0030r1","url":null,"abstract":"Black and odorous water bodies (BOWBs) are increasingly common in cities worldwide. This article evaluates the impact of an urban water bodies restoration program in Beijing, China, based on detailed housing sale and rental transaction data. We implement a hedonic price model with a difference-in-difference and a triple-difference approach and find that listing and restoring a BOWB significantly increase house prices by 2.2%–3.9% and 2.3%–4.9%, respectively, and increases rents by 11.3%–13.7% and 13.4%–16.9%, respectively.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"558 - 572"},"PeriodicalIF":1.4,"publicationDate":"2023-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49461307","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 : 2023-03-22DOI: 10.3368/le.99.4.102022-0084r
A. F. Lopes, J. Whitehead
This article combines data to estimate the ex ante recreational impact of oil spills. Using a unique contingent behavior question, our application highlights the gains in combining stated and revealed preferences. We consider a reduction of the available choice set and perceived site quality. We show that omitting perceived site quality leads to low welfare losses, while omitting alternative specific constants leads to high welfare losses. Overall, we find recreational losses due to potential oil spills in Norway ranging from NOK 347 and NOK 524 (US$32–$49) per person across the four oil spill scenarios.
{"title":"Estimating the Ex Ante Recreational Loss of an Oil Spill Using Revealed and Stated Preference Data","authors":"A. F. Lopes, J. Whitehead","doi":"10.3368/le.99.4.102022-0084r","DOIUrl":"https://doi.org/10.3368/le.99.4.102022-0084r","url":null,"abstract":"This article combines data to estimate the ex ante recreational impact of oil spills. Using a unique contingent behavior question, our application highlights the gains in combining stated and revealed preferences. We consider a reduction of the available choice set and perceived site quality. We show that omitting perceived site quality leads to low welfare losses, while omitting alternative specific constants leads to high welfare losses. Overall, we find recreational losses due to potential oil spills in Norway ranging from NOK 347 and NOK 524 (US$32–$49) per person across the four oil spill scenarios.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"490 - 508"},"PeriodicalIF":1.4,"publicationDate":"2023-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45858219","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 : 2023-03-22DOI: 10.3368/le.99.4.061422-0045r
Robert Germeshausen, Kathrine von Graevenitz
Abstract
We study the effect of a state level mandate on renewable heating technologies on the housing market. The mandate requires a minimum share of 10 % renewable energy sources when changing the heating system in the existing building stock. The mandate could lower the relative price of homes in the existing building stock. We implement a two stage difference-in-differences nearest neighbor matching approach to identify the effect on prices taking advantage of differences in regulation by location and vintage of the building stock. We find no evidence of a negative effect of the mandate on housing prices.
{"title":"State Mandates on Renewable Heating Technologies and the Housing Market","authors":"Robert Germeshausen, Kathrine von Graevenitz","doi":"10.3368/le.99.4.061422-0045r","DOIUrl":"https://doi.org/10.3368/le.99.4.061422-0045r","url":null,"abstract":"<h3>Abstract</h3> We study the effect of a state level mandate on renewable heating technologies on the housing market. The mandate requires a minimum share of 10 % renewable energy sources when changing the heating system in the existing building stock. The mandate could lower the relative price of homes in the existing building stock. We implement a two stage difference-in-differences nearest neighbor matching approach to identify the effect on prices taking advantage of differences in regulation by location and vintage of the building stock. We find no evidence of a negative effect of the mandate on housing prices.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"101 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136174008","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 : 2023-03-22DOI: 10.3368/le.99.4.090321-0106r3
Donna Ramirez Harrington
A firm’s environmental performance and productivity result from decisions regarding input use and technological and management abatement strategy. Using a sample of chemical using/manufacturing/emitting facilities, this article examines how these choices are made and their effects on output and abatement. Not only are technological and management strategy adoption driven by different motives, adopting a management system discourages technological strategy adoption in the succeeding period. Further, dirty input use falls with technological strategy adoption but increases with management strategy adoption. These relationships require a more judicious approach to balancing the promotion of technological and management strategies vis-à-vis dirty input choices.
{"title":"Technology, Management, and Input Choices to Increase Abatement and Output","authors":"Donna Ramirez Harrington","doi":"10.3368/le.99.4.090321-0106r3","DOIUrl":"https://doi.org/10.3368/le.99.4.090321-0106r3","url":null,"abstract":"A firm’s environmental performance and productivity result from decisions regarding input use and technological and management abatement strategy. Using a sample of chemical using/manufacturing/emitting facilities, this article examines how these choices are made and their effects on output and abatement. Not only are technological and management strategy adoption driven by different motives, adopting a management system discourages technological strategy adoption in the succeeding period. Further, dirty input use falls with technological strategy adoption but increases with management strategy adoption. These relationships require a more judicious approach to balancing the promotion of technological and management strategies vis-à-vis dirty input choices.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"611 - 643"},"PeriodicalIF":1.4,"publicationDate":"2023-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44867998","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 : 2023-02-23DOI: 10.3368/le.99.4.120621-0144r1
Carson J. Reeling, D. Erickson, Yusun Kim, John G. Lee, N. Widmar
Estimating demand for licenses for recreational activities is complicated because of a lack of meaningful variation across time, space, buyer types, and license attributes, including price. Prior work uses discrete choice experiments (DCEs) to overcome this challenge, but the resulting demand models are unlikely to replicate observed demands in the absence of ad hoc calibration procedures. We use a generalized method of moments–based approach that combines DCE data with observed market share data to estimate a choice model that yields demand functions that much more closely replicate observed data.
{"title":"Combining Aggregate Demand and Discrete Choice Data with Application to Deer License Demand in Indiana","authors":"Carson J. Reeling, D. Erickson, Yusun Kim, John G. Lee, N. Widmar","doi":"10.3368/le.99.4.120621-0144r1","DOIUrl":"https://doi.org/10.3368/le.99.4.120621-0144r1","url":null,"abstract":"Estimating demand for licenses for recreational activities is complicated because of a lack of meaningful variation across time, space, buyer types, and license attributes, including price. Prior work uses discrete choice experiments (DCEs) to overcome this challenge, but the resulting demand models are unlikely to replicate observed demands in the absence of ad hoc calibration procedures. We use a generalized method of moments–based approach that combines DCE data with observed market share data to estimate a choice model that yields demand functions that much more closely replicate observed data.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"477 - 489"},"PeriodicalIF":1.4,"publicationDate":"2023-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44971969","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 : 2023-02-23DOI: 10.3368/le.99.4.062321-0072r1
Julia Bronnmann, Veronika Liebelt, Fabian Marder, Jasper Meya, Martin Quaas
ABSTRACT
The range of benefits for humans and biodiversity conservation provided by urban green spaces (UGS) receives substantial attention in relation to urban planning and management. However, little is known about the value of nature in UGS. We developed a graphical measurement scale for the naturalness of UGS, with 5 steps between largely sealed and largely wilderness, which was embedded in an online survey and a discrete choice experiment. Using mixed logit models, we find that German citizens have a mean willingness to pay of €20.25 per month for an increase in the naturalness of the closest UGS by one step.
{"title":"The Value of Naturalness of Urban Green Spaces: Evidence from a Discrete Choice Experiment","authors":"Julia Bronnmann, Veronika Liebelt, Fabian Marder, Jasper Meya, Martin Quaas","doi":"10.3368/le.99.4.062321-0072r1","DOIUrl":"https://doi.org/10.3368/le.99.4.062321-0072r1","url":null,"abstract":"<h3>ABSTRACT</h3> The range of benefits for humans and biodiversity conservation provided by urban green spaces (UGS) receives substantial attention in relation to urban planning and management. However, little is known about the value of nature in UGS. We developed a graphical measurement scale for the naturalness of UGS, with 5 steps between largely sealed and largely wilderness, which was embedded in an online survey and a discrete choice experiment. Using mixed logit models, we find that German citizens have a mean willingness to pay of €20.25 per month for an increase in the naturalness of the closest UGS by one step.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136174613","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 : 2023-01-23DOI: 10.3368/le.99.3.021122-0011r
M. Aanesen, C. Armstrong, T. Borch, R. Fieler, V. Hausner, Gorm Kipperberg, Henrik Lindhjem, S. Navrud
ABSTRACT:Decisions about the optimal use of coastal and marine resources must be made with high uncertainty about environmental impacts and may conflict with public perception of the risk associated with current blue growth initiatives. In a discrete choice experiment conducted in valuation workshops in five communities in Arctic Norway, we examine public preferences for various aquaculture expansion paths. Respondents prefer a smaller expansion in terms of the number of aquaculture sites compared with the planned expansion. Emphasizing scientific uncertainty regarding the negative environmental impacts of aquaculture leads to lower resistance against the planned expansion.
{"title":"To Tell or Not to Tell: Preference Elicitation with and without Emphasis on Scientific Uncertainty","authors":"M. Aanesen, C. Armstrong, T. Borch, R. Fieler, V. Hausner, Gorm Kipperberg, Henrik Lindhjem, S. Navrud","doi":"10.3368/le.99.3.021122-0011r","DOIUrl":"https://doi.org/10.3368/le.99.3.021122-0011r","url":null,"abstract":"ABSTRACT:Decisions about the optimal use of coastal and marine resources must be made with high uncertainty about environmental impacts and may conflict with public perception of the risk associated with current blue growth initiatives. In a discrete choice experiment conducted in valuation workshops in five communities in Arctic Norway, we examine public preferences for various aquaculture expansion paths. Respondents prefer a smaller expansion in terms of the number of aquaculture sites compared with the planned expansion. Emphasizing scientific uncertainty regarding the negative environmental impacts of aquaculture leads to lower resistance against the planned expansion.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"397 - 412"},"PeriodicalIF":1.4,"publicationDate":"2023-01-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46859675","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 : 2022-12-29DOI: 10.3368/le.99.3.051922-0037r
A. Dugstad, S. Navrud
Benefit transfer (BT) and valuation experts’ assessments in Delphi contingent valuation (CV) surveys have been used as an alternative to prohibitively expensive worldwide CV surveys to obtain estimates of total nonuse values of global public goods. We test the reliability of international BT and Delphi CV estimates by comparing them to a population CV survey of Norwegian households’ willingness to pay (WTP) for Amazon rainforest preservation plans. The Delphi CV method predicts WTP and scope effects in line with conventional BT, motivating further testing of the Delphi CV method as a time- and cost-saving way of valuing global public goods.
{"title":"The Reliability of Delphi Surveys and Benefit Transfer to Predict Outcomes of Contingent Valuation Surveys","authors":"A. Dugstad, S. Navrud","doi":"10.3368/le.99.3.051922-0037r","DOIUrl":"https://doi.org/10.3368/le.99.3.051922-0037r","url":null,"abstract":"Benefit transfer (BT) and valuation experts’ assessments in Delphi contingent valuation (CV) surveys have been used as an alternative to prohibitively expensive worldwide CV surveys to obtain estimates of total nonuse values of global public goods. We test the reliability of international BT and Delphi CV estimates by comparing them to a population CV survey of Norwegian households’ willingness to pay (WTP) for Amazon rainforest preservation plans. The Delphi CV method predicts WTP and scope effects in line with conventional BT, motivating further testing of the Delphi CV method as a time- and cost-saving way of valuing global public goods.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"413 - 432"},"PeriodicalIF":1.4,"publicationDate":"2022-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47494022","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 : 2022-12-29DOI: 10.3368/le.99.3.053022-0042r
B. Deaton, B. Lipka
Many communities engage in water-sharing arrangements (WSAs) with nearby communities. Using data characterizing drinking water systems in the Canadian province of Ontario, we assess the following question: Do WSAs influence drinking water quality outcomes for recipient water systems? We find that WSAs are associated with improved drinking water quality outcomes for First Nations recipient systems. We do not associate WSAs with improved outcomes for municipal recipient systems. These differing effects may be due to provincial state capacity, which is available to all municipalities, irrespective of WSA status, and the subset of First Nations systems in a WSA.
{"title":"Cooperation between First Nations and Municipalities: Do Water-Sharing Arrangements Improve Drinking Water Quality?","authors":"B. Deaton, B. Lipka","doi":"10.3368/le.99.3.053022-0042r","DOIUrl":"https://doi.org/10.3368/le.99.3.053022-0042r","url":null,"abstract":"Many communities engage in water-sharing arrangements (WSAs) with nearby communities. Using data characterizing drinking water systems in the Canadian province of Ontario, we assess the following question: Do WSAs influence drinking water quality outcomes for recipient water systems? We find that WSAs are associated with improved drinking water quality outcomes for First Nations recipient systems. We do not associate WSAs with improved outcomes for municipal recipient systems. These differing effects may be due to provincial state capacity, which is available to all municipalities, irrespective of WSA status, and the subset of First Nations systems in a WSA.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"433 - 457"},"PeriodicalIF":1.4,"publicationDate":"2022-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42392011","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 : 2022-12-29DOI: 10.3368/le.99.3.102920-0165r
N. Abashidze, Laura O. Taylor
Property value models are used to examine how utility-scale, ground-mount solar farms affect nearby agricultural land values. Results indicate that solar farms do not have direct positive or negative spillover effects on nearby agricultural land values. However, results also suggest that solar farm construction may indirectly affect agricultural land values by signaling the land’s suitability for future solar development. Specifically, results indicate that proximity of agricultural land to electric transmission lines may be positively valued after a solar farm is constructed nearby.
{"title":"Utility-Scale Solar Farms and Agricultural Land Values","authors":"N. Abashidze, Laura O. Taylor","doi":"10.3368/le.99.3.102920-0165r","DOIUrl":"https://doi.org/10.3368/le.99.3.102920-0165r","url":null,"abstract":"Property value models are used to examine how utility-scale, ground-mount solar farms affect nearby agricultural land values. Results indicate that solar farms do not have direct positive or negative spillover effects on nearby agricultural land values. However, results also suggest that solar farm construction may indirectly affect agricultural land values by signaling the land’s suitability for future solar development. Specifically, results indicate that proximity of agricultural land to electric transmission lines may be positively valued after a solar farm is constructed nearby.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"327 - 342"},"PeriodicalIF":1.4,"publicationDate":"2022-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48991637","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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