| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
Expert Opinion versus Transaction Evidence: Using the Reilly Index to Measure Open Space Premiums in the Urban-Rural Fringe
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| Autores: |
Cotteleer, Geerte
Stobbe, Tracy
van Kooten, G. Cornelis
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| Data: |
2008-06-10
|
| Ano: |
2008
|
| Palavras-chave: |
Hedonic pricing models
Spatial dependence
Assessed property values
Open space
Community/Rural/Urban Development
Land Economics/Use
R14
R52
C21
Q20
H23
|
| Resumo: |
Due to economic and population growth farmland and to a lesser extend other undeveloped areas are under pressure in the urban-rural fringe in British Columbia, Canada. The objectives of this paper are to determine if residential property values near Victoria, BC include open-space premiums for farmland, parks or golf courses, and to determine if using assessed values instead of market prices of the property result in the same findings. We estimate a Seemingly Unrelated Regression (SUR) model with two hedonic pricing equations, one with actual market values as the dependent variable and one with assessed property values, and compare the resulting estimates of shadow prices for open space amenities. Furthermore, we take account of spatial autocorrelation and combine Method of Moment estimates of the spatial parameters in both equations.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/37085
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| Relação: |
University of Victoria>Resource and Environmental Economics and Policy Analysis Research Group>Working Papers
REPA Working Paper
2008-06
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| Formato: |
41
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