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":null,"pages":null},"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":null,"pages":null},"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":null,"pages":null},"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":null,"pages":null},"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":null,"pages":null},"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":null,"pages":null},"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":null,"pages":null},"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}
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":null,"pages":null},"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":null,"pages":null},"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":null,"pages":null},"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}
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