Valuation of Open Spaces in Urban Environments

Authored by: Neelam C. Poudyal , Donald G. Hodges

Handbook of Forest Resource Economics

Print publication date:  April  2014
Online publication date:  April  2014

Print ISBN: 9780415623247
eBook ISBN: 9780203105290
Adobe ISBN: 9781136253294

10.4324/9780203105290.ch11

 Download Chapter

 

Abstract

As green spaces in urban areas face increasing pressure for development, sustaining the public good benefit of these resources will depend on land managers’ abilities to prove that the welfare associated with open space policies outweighs the cost of acquisition and preservation. This chapter introduces and discusses basic premises and practices of the hedonic method of housing price and reviews some of the recent economic studies applying this method in open space valuation. It also introduces readers to some of the issues and recent advancement in the hedonic method, which has been the model of open space valuation thus far. The chapter concludes with key points summarizing the state of the art of open space valuation research and offering some directions for future research.

 Cite
Search for more...
Back to top

Use of cookies on this website

We are using cookies to provide statistics that help us give you the best experience of our site. You can find out more in our Privacy Policy. By continuing to use the site you are agreeing to our use of cookies.