In many communities on the urban–rural fringe, subdivisions are subject to “clustering” rules, in which houses must be located on a portion of the total land area and the remainder of the land is left as open space. This open space may be undisturbed forest or pastureland, or it may...

This paper presents a case study of the economic damages to homeowners in a northern New Jersey community due to an exotic forest insect--the hemlock woolly adelgid. Hedonic property value methods are used to estimate the effect of hemlock health on property values. A statistically significant...

Climate warming is causing the frequency, extent, and severity of natural disturbances to increase. To develop innovative approaches for mitigating the potential negative social consequences of such increases, research is needed investigating how people perceive and respond to natural...

In hedonic property value models, economists typically assume that changing perceptions of environmental risk should be captured by changes in housing prices. However, for long-lived environmental problems, we find that many other features of neighborhoods seem to change as well, because...