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The Faustmann forest rotation model is a celebrated contribution in economics. The model provides a forest value expression and allows a solution to the optimal rotation problem valid for perpetual rotations of even-aged forest stands. However, continuous forest cover forest management systems...
Persistent link: https://www.econbiz.de/10012101033
The hedonic pricing method has been used extensively to obtain implicit prices for availability of urban green space, but few hedonic studies have obtained households' preference parameters. We estimate willingness to pay functions for park availability in Copenhagen using an approach that...
Persistent link: https://www.econbiz.de/10012101043
We analyse the housing markets in a suburb north of the Danish capital Copenhagen. We find that households sort themselves in relation to nature area. The concentration of affluent households decreases rapidly with distance to nature. This indicates that a welfare change generated by a change in...
Persistent link: https://www.econbiz.de/10012101044
What role do people think distributional aspects should play in design of climate policy? The literature assessing climate policies has shown that assumptions regarding peoples' distributional preferences for climate change policy impacts are central for policy assessment, but empirical evidence...
Persistent link: https://www.econbiz.de/10012101059