This study compares an ordered probit model and a Tobit model with selection to take into account both true zero and protest zero bids while estimating the willingness to pay (WTP) for conservation easements in Macon County, NC. By comparing the two models, the ordered/unordered selection issue...

This study estimates the effects of an urban growth boundary (UGB) on land development decisions in Knox County, TN, using a heteroscedastic probit model. With combined efforts of increased land development within the city boundary and decreased development within the UGB and the neighboring...

We seek to determine if the tax-based payment approach is a valid alternative to existing incentive payment approaches for forest carbon sequestration. To achieve the objective, we test a hypothesis that waiving the property tax rate on forestland provides incentives to landowners for...

This research analyzes how the size of protected areas influences the ecological and economic effectiveness through a return-on-investment in conservation (ROI) to help conservation organizations prioritize protected areas. Using the case study, we focus on whether the size variation has...

The size of the protected area is recognized as one of the key attributes for assessing the effectiveness of investing in protected areas. We evaluate the effectiveness of protected areas by examining economies of scale in size and the average cost of acquiring protected areas depending on the...

The main objective of this research is to propose a data-driven approach to estimate the amenity values of restoring urban forest landscapes at potential target sites. The approach allows establishing the overall price-driving time relationship between the amenity values attributable to both...

The objective of this research is to evaluate a land value tax as a potential policy tool to moderate sprawling development in Nashville, TN, the nation’s most sprawling metropolitan community with a population of one million or more. To achieve this objective, the hypothesis is empirically...

This research evaluates the effects of a hypothetical land value tax as a smart growth policy to curtail urban sprawl in the mid-sized metropolitan areas of the Southeastern United States. The effectiveness of a hypothetical land value tax on moderating urban sprawl is determined by changes in...