How Do the Location, Size and Budget of Open Space Conservation Affect Land Values?

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• 作者：JunJie Wu ; Wenchao Xu ; Ralph J. Alig
• 关键词：Open space conservation ; Land values ; Environmental amenities ; Community characteristics
• 刊名：The Journal of Real Estate Finance and Economics
• 出版年：2016
• 出版时间：January 2016
• 年：2016
• 卷：52
• 期：1
• 页码：73-97
• 全文大小：347 KB
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• 作者单位：JunJie Wu (1)
  Wenchao Xu (2)
  Ralph J. Alig (3)
  
  1. Department of Applied Economics, Oregon State University, Corvallis, OR, 97331, USA
  2. Department of Economics, School of Economics and WISE, Xiamen University, Xiamen, Fujian, 361005, China
  3. Pacific Northwest Research Station, USDA Forest Service, Corvallis, OR, 97331, USA
  
• 刊物类别：Business and Economics
• 刊物主题：Economics
  Regional Science
  Finance and Banking
  
• 出版者：Springer Netherlands
• ISSN：1573-045X

文摘

In this article we present a model to examine the optimal location, size, and budget of open space conservation and the resulting impact on land values and local fiscal conditions in an urban area. Results indicate that open space conservation can transform the defining features of an urban landscape. A well-designed open space conservation program can improve municipal services, increase total property values, and attract households to the city without substantially increasing tax burdens, while an improperly designed open space program can have the opposite effects. Results also reveal the key parameters that determine the optimal location and size of open space conservation and their fiscal and land value effects.