Valuing Urban Wetlands: A Property Pricing Approach,

reportActive / Technical Report | Accession Number: ADA326734 | Open PDF

Abstract:

The report estimates the value of wetland amenities in the Portland, Oregon metropolitan area using the hedonic property pricing approach. Detailed residential housing and wetland data are used to relate the sales price of a residential property to the structural characteristics of the property, neighborhood attributes in which the property is located, and amenity values of wetlands and other environmental characteristics. In addition to estimating the hedonic price functions, second-stage regression analysis is used to estimate the willingness-to-pay function for wetland size.

Author(s):
Mahan, Brent L.
Author Organization(s):
ARMY ENGINEER INST FOR WATER RESOURCES FORT BELVOIR VA
Supplementary Note:
DOI: 10.21236/ADA326734
Pagination:
0092

Security Markings

DOCUMENT & CONTEXTUAL SUMMARY

Distribution:
Approved For Public Release

RECORD

Collection: TR
Identifying Numbers
Report Number(s):
IWR-97-R-1
Monitor Series:
USACE
 Subject Terms
Joint Capability Areas:
JCA_5_Command and Control; JCA_5.3_Planning; JCA_5.5.1_Communicate Intent and Guidance; JCA_5.5_Direct; JCA_1.3.2_Personnel Management; JCA_4.6.1_General Engineering; JCA_4.6_Engineering; JCA_1.3.1_Personnel and Family Support; JCA_1.2.5_Lessons Learned; JCA_1.2.3_Educating; JCA_5.4_Decide; JCA_1.2.6_Concepts
Modernization Areas:
AI and Machine Learning
Communities of Interest:
Biomedical
Descriptor(s):
*COST ANALYSIS, *WETLANDS, *URBAN AREAS, ENVIRONMENTS, ECONOMICS, REGRESSION ANALYSIS, VALUE, BENEFITS, RESIDENTIAL SECTION, HOUSING(DWELLINGS), OREGON
Field(s)/Group(s):
Economics and Cost Analysis, Ecology
Keyword(s):
HEDONIC PRICING, WETLANDS VALUATION, ENVIRONMENTAL BENEFITS, PROPERTY VALUES, NONMARKET VALUATION
Report Date:
1997 Mar 01
Creation Date:
1997 Jul 16