Yoo, James; Simonit, Silvio; Connors, John P.; … - In: Ecological Economics 91 (2013) C, pp. 57-68
This paper estimates the value of water rights in a rapidly urbanizing semi-arid area: Phoenix, Arizona. To do this we use hedonic pricing to explore the impact of water rights on property values in 151 agricultural land transactions that occurred between 2001 and 2005. We test two main...