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| Registros recuperados: 31 | |
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| Cho, Seong-Hoon; Newman, David H.; Wear, David N.. |
| This paper examines land development using an integrated approach that combines residential decisions about choices of community in the Southern Appalachian region with the application of the GIS (Geographical Information System). The empirical model infers a distinctive heterogeneity in the characteristics of community choices. The results also indicate that socioeconomic motives strongly affect urban housing decisions while environmental amenities affect those of rural housing. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Public Economics. |
| Ano: 2003 |
URL: http://purl.umn.edu/35209 |
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| Cho, Seong-Hoon; Lambert, Dayton M.; Kim, Seung Gyu; Park, William M.; Roberts, Roland K.. |
| This research uses a sequence of hedonic housing price regressions to estimate open space amenity values. The iterative approach empirically identifies the range of distance over which open space affects housing values. After controlling for numerous other factors in the spatial hedonic model, simple functional relationships were established between the implicit prices of developed open space, forest-land open space, and agriculture-wetland open space and the buffer radius of the area surrounding a given location. In the case of Nashville-Davidson County, Tennessee, households place a positive value on additional developed open space and forest-land open space up to distances of 2.2 miles and 1.5 miles, respectively, and a negative value for additional... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agriculture-wetland open space; Amenity value; Developed open space; Forest-land open space; Hedonic spatial model; Environmental Economics and Policy. |
| Ano: 2010 |
URL: http://purl.umn.edu/56342 |
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| Kim, Seung Gyu; Cho, Seong-Hoon; Roberts, Roland K.; Claassen, Roger. |
| 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 deforested and forested areas and their proximities to housing locations within a given community. Establishing the overall price-driving time relationship is important because the hedonic price model cannot be used to estimate the amenity values of yet to be restored urban forest landscapes that do not exist at the time of housing sales transactions. We estimated the sum of the differences between amenity values of deforested and forested areas on housing prices... |
| Tipo: Working Paper |
Palavras-chave: Urban forest landscapes; Spatial hedonic model; Travel distance; Land Economics/Use. |
| Ano: 2012 |
URL: http://purl.umn.edu/123552 |
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| Cho, Seong-Hoon; Roberts, Roland K.; Kim, Seung Gyu. |
| The following hypothesis was tested: Willingness to bear a negative water impairment externality differs between those who do and those who do not receive economic benefit from the impairment source, e.g., a paper mill. The hypothesis was tested using a hedonic analysis of ambient water quality in two discrete housing markets in the Pigeon River Watershed, which have been polluted by the operation of a paper mill. The results suggest that North Carolina residents of the subwatersheds with impaired river, who experience economic benefits from the paper mill in addition to harmful effects, do perceive the pollution as a negative externality, whereas they may have a willingness to bear a similar type of negative externality associated with impaired streams.... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Negative Externalities; Water quality; Spatial hedonic model; Environmental Economics and Policy. |
| Ano: 2011 |
URL: http://purl.umn.edu/103762 |
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| Cho, Seong-Hoon; Wu, JunJie. |
| In this paper, a theoretical model is developed to analyze the interactions among residential development, land use regulations, and public financial impacts (public expenditure and property tax). A simultaneous equations system with self-selection and discrete dependent variables is estimated to determine the interactions for counties in the five western states (California, Idaho, Nevada, Oregon, and Washington). The results show that county governments are more likely to impose land use regulations when facing rapid land development, high public expenditure and property tax. The land use regulations, in turn, decrease land development, long-run public expenditure, and property tax at the cost of higher housing prices and property tax. During the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Community/Rural/Urban Development; Land Economics/Use. |
| Ano: 2001 |
URL: http://purl.umn.edu/20774 |
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| Cho, Seong-Hoon; Wu, JunJie. |
| This paper examines equilibrium properties of local jurisdictions implied by the Tiebout-style model. A set of equilibrium conditions are derived from a general equilibrium model of local jurisdictions. The conditions are parameterized and empirically estimated in a two-stage procedure. The method is applied to communities in a Portland metropolitan area with an extension of public-good provision to include environmental amenities. The results suggest that the model can replicate many of the empirical regularities observed in the data. For example, the predicted income distributions across communities closely matched the observed distribution. The estimated income elasticity of housing demand is consistent with previous findings. One important... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2002 |
URL: http://purl.umn.edu/19863 |
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| Lambert, Dayton M.; Florax, Raymond J.G.M.; Cho, Seong-Hoon. |
| This research note documents estimation procedures and results for an empirical investigation of the performance of the recently developed spatial, heteroskedasticity and autocorrelation consistent (HAC) covariance estimator calibrated with different kernel bandwidths. The empirical example is concerned with a hedonic price model for residential property values. The first bandwidth approach varies an a priori determined plug-in bandwidth criterion. The second method is a data driven cross-validation approach to determine the optimal neighborhood. The third approach uses a robust semivariogram to determine the range over which residuals are spatially correlated. Inference becomes more conservative as the plug-in bandwidth is increased. The data-driven... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Spatial HAC; Semivariogram; Bandwidth; Hedonic model; Research Methods/ Statistical Methods; C13; C31; R21. |
| Ano: 2008 |
URL: http://purl.umn.edu/45964 |
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| Registros recuperados: 31 | |
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