Community-provided urban lakes located in arid environments provide significant amenities to residents but require large quantities of water to maintain lake levels. We use matching techniques to recover the average capitalized value of lakes above the costs of maintenance by comparing...

We present an analysis of how open space amenities affect residential location choices using a horizontal sorting model to estimate household preferences for open space. To parameterize the model, a new and rich dataset spanning 17 years of home sales in the seven-county Twin Cities area of...