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The rapid change in the character of land use in traditional agricultural regions of the Midwest has led to public concern in recent years. As a result, policy makers have attempted to forge novel ways to cope with problems associated with loss of farmland and the encroachment of urban/suburban...
Persistent link: https://www.econbiz.de/10005320409
Estimating non-market value on a site-by-site basis is a costly and time-consuming task. Benefits transfer is an alternative approach. We attempt to assess the bias and reliability of predicted value from the benefit transfer approach, using the U.S. Fish and Wildlife Services' National Survey...
Persistent link: https://www.econbiz.de/10004989313
A database is used that combines survey and housing variables to compare stated willingness to pay (WTP) to revealed WTP to avoid living in proximity to a land -ll. The results suggest that stated WTP is closer to that predicted by the hedonic for knowledgeable homebuyers than for ignorant...
Persistent link: https://www.econbiz.de/10005468467