Powe, N.A., Garraod, G.D., Brunsdon, Chris and Willis, K.G. (1997) Using a geographic information system to estimate an hedonic price model of the benefits of woodland access. Forestry, 70 (2). pp. 139-149. ISSN 0015-752X
Preview
CB_using geographic info.pdf
Download (2MB) | Preview
Abstract
The hedonic price method may be used to investigate the effect that the attributes of a product have on its market price. In the case of housing, this methodology has been used to look at the premium that the amenity offered by nearby woodland adds to house prices. The interpretation of the results of these studies is difficult and is the subject of some debate. In particular, it has been argued that the aesthetic benefits of woodland, as a component of landscape, cannot be enumerated using the hedonic approach. This paper adopts a broader approach and uses hedonic pricing to estimate the amenity benefits gained by local residents from access to woodland. To accomplish this a geographic information system is used to improve the data available to the hedonic price model from which estimates of the residential access benefits of woodland are derived
Item Type: | Article |
---|---|
Keywords: | geographic information system; hedonic price model; woodland access; |
Academic Unit: | Faculty of Science and Engineering > Research Institutes > National Centre for Geocomputation, NCG |
Item ID: | 6182 |
Identification Number: | 10.1093/forestry/70.2.139 |
Depositing User: | Prof. Chris Brunsdon |
Date Deposited: | 09 Jun 2015 14:53 |
Journal or Publication Title: | Forestry |
Publisher: | Oxford University Press (OUP) |
Refereed: | Yes |
Related URLs: | |
URI: | https://mu.eprints-hosting.org/id/eprint/6182 |
Use Licence: | This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here |
Repository Staff Only (login required)
Downloads
Downloads per month over past year