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| Tekijä: | Bowman, T. Thompson, J. Colletti, J. |
| Otsikko: | Valuation of open space and conservation features in residential subdivisions |
| Lehti: | Journal of Environmental Management
2009 : JAN, VOL. 90:1, p. 321-330 |
| Asiasana: | pay urban areas growth theory contingent valuation conservation models surveys land use USA |
| Vapaa asiasana: | open space willingness hedonic price bias Cedar Rapids |
| Kieli: | eng |
| Tiivistelmä: | This article was conducted to compare economic aspects of conservation subdivision design to standard subdivision design in the midwestern United States. Three methods were used to determine the value homebuyers have for embedded conservation features in residential areas:(transactional analyses, hedonic analyses and contingent valuation). Transactional data indicated higher 5-year appreciation rates for conservation versus standard subdivision design. Hedonic price models revealed that well-integrated conservation features within subdivisions have a positive effect on home prices. Sixty-six percent of all respondents indicated willingness to pay for more embedded open space. Maximum willingness to pay was related to several factors including income, gender, desired level of open space, and concern about urban development. These results indicate that consumer demand and willingness to pay for conservation subdivision design are positive and should not be considered a barrier to implementation. |
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