Variation in regulatory costs over time and across different types of investment projects creates risk for developers who hold land. These so-called implicit costs, which arise as a result of regulatory delay in the land development process, are hypothesized to be potentially large, but...

The emergence of urban-rural space, as evidenced by the expansion of low-density exurban areas and growth of amenity-based rural areas, is characterized by the merging of a rural landscape form with urban economic function. Changing economic conditions, including waning transportation and...

When local amenities are tied to natural land use features that cannot be developed for physical or regulatory reasons, the corresponding implicit price estimates from a hedonic housing model may reflect local supply constraints and confound estimation of natural amenity values. Using a spatial...

Environmental amenity-driven migration presents a double-edged sword to policy makers concerned with both economic and ecological sustainability. Clearly the protection of environmental amenities is important, but what is the right balance between ecosystem protection and regional economic...

The marginal values of different open space attributes are tested using a hedonic pricing model with residential sales data from central Maryland. The identification problems that arise due to endogenous land use spillovers and unobserved spatial correlation are addressed using instrumental...

Spatial spillovers--interaction effects among neighboring agents in space--are a common characteristic of a variety of processes that are of interest to environmental and resource economists. Empirical identification of these interactions is challenging, however, due to the endogenous nature of...

We estimate a probit model of residential land conversion using parcel-level data from a rural-urban county in Ohio. Spatial landscape pattern metrics are used to quantify land-use patterns and to link patterns of residential sprawl with factors estimated to influence parcel-level land...