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| Pandit, Ram; Laband, David N.. |
| Trees cast shade on homes and buildings, lowering the inside temperatures and thus reducing demand for power to cool these buildings during hot times of the year. Drawing from a large sample of residences in Auburn, Alabama, we develop a statistical model that produces specific estimates of the electricity savings generated by shade-producing trees in a suburban environment. This empirical model links residential energy consumption to hedonic characteristics of the structures, characteristics and behaviors of the occupants, and the extent, density, and timing of shade cast on the structures. Our estimates suggest that if an additional 10 percent of the 125 million home owners in America started using tree shade to reduce electricity consumption an average... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy; Resource /Energy Economics and Policy. |
| Ano: 2010 |
URL: http://purl.umn.edu/59147 |
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| Pandit, Ram; Polyakov, Maksym; Sadler, Rohan. |
| This paper presents a spatially explicit analysis of the contribution of urban trees and parks to residential property values. We estimated the effects of structural, neighbourhood, and environmental variables, including tree cover, on sale price of single-family homes in Perth using a generalized spatial two-stage least-squares model. The spatial model results indicate that, among other structural and neighbourhood variables, the proportion of tree cover on street verges (public space) and the extent and proximity of neighbourhood parks attract significant price premiums in the Perth housing market. However, we failed to find any evidence of impact of the tree cover on property (private space) on its sale price. Further, we find that the parameter... |
| Tipo: Presentation |
Palavras-chave: Land Economics/Use; Resource /Energy Economics and Policy. |
| Ano: 2012 |
URL: http://purl.umn.edu/124357 |
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