The benefits of large patches of tree canopy are estimated by applying a hedonic price model to the sale of single-family residential properties in Portland, Oregon. The first-stage analysis provides evidence of diminishing returns from increasing tree canopy past a certain level. The...

The kind of open space benefit, recreation, or amenity, in our spatial city model determines in part how open space influences residential development. Our model also determines the exact total social benefits of open-space policies by summing together the change in household welfare and...

An individual’s rate-of-time-preference is an important consideration for individuals deciding whether to support a public good, since the benefits of a public good often come in the future. Our study finds individual discount rates from a contingent valuation method (CVM) question where the...

This study uses a hedonic property price function to estimate the effects of flood hazards on residential property value. Utilizing data from sales of 8,000 single-family residential homes between 1992 and 2002 in Pitt County, North Carolina, an area that experienced significant flooding from...

Concerns that the loss of habitat have greatly increased species extinction rates has led to calls for establishing biological reserves to preserve key habitat. In this paper, we study reserve site selection for terrestrial vertebrates in Oregon using data on species ranges and land values. We...