Data/hora: 12/06/2024 02:34:10

Provedor de dados: | 31
País: | United States
Título: | MARGINAL PRICE OF LAKE RECREATION AND AESTHETICS: AN HEDONIC APPROACH
Autores: | Lansford,   Notie H., Jr.; Jones,   Lonnie L.
Data: | 2003-01-07
Ano: | 1995
Palavras-chave: | Aesthetic; Box-Cox; Hedonic; Housing; Lake; Nonmarket; Recreation; Water; Resource /Energy Economics and Policy.
Resumo: | Efficient allocation of water requires knowledge of water's value in both consumptive and nonconsumptive uses. This study estimates the marginal value of water in lake recreational and aesthetic (RA) use. An hedonic price equation (employing the Box-Cox functional form) indicates lake front location, distance to lake, and scenic view are significant RA characteristics of housing. Water front properties command a premium price for the private access they offer. Beyond the water front, the marginal RA price falls rapidly with increasing distance, becoming asymptotic to some minimum. Twenty-two percent of housing price is found to be attributable to the RA component.
Tipo: | Journal Article
Idioma: | Inglês

Identificador:

6590

http://purl.umn.edu/15347

Editor: | AgEcon Search
Relação: | Journal of Agricultural and Applied Economics&gt;Volume 27, Number 01, July 1995

Formato:

12

application/pdf