Browsing by Author "Li, Xiaoshu"
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- Hedonic Analysis of Forest Pest Invasion: the Case of Emerald Ash BorerLi, Xiaoshu; Holmes, Thomas P.; Boyle, Kevin J.; Crocker, Ellen V.; Nelson, C. Dana (MDPI, 2019-09-19)The emerald ash borer (EAB) was first detected in North America in 2002, and since its introduction, this invasive pest has killed millions of ash trees. While EAB kills native North American ash trees in all settings, its impacts have been especially large in urban areas where ash has been a dominant street tree, especially in residential areas. While some management costs, such as insecticide treatment, tree removal, or tree replacement, are relatively straightforward to compute, the impact that EAB has had on residential property values is less clear. To better understand the economic cost of EAB in urban settings, we conducted a hedonic property value analysis to evaluate the impact of ash tree damages due to EAB infestation on housing sales prices. This study was conducted in the city of Milwaukee, Wisconsin, which had high stocking levels of ash trees prior to EAB’s arrival. The objectives of the study are to investigate: (1) how EAB-infested ash trees affect property values; (2) whether the benefits from healthy ash trees to property value change after arrival of EAB; and (3) whether healthy ash trees located within infested neighborhoods provide the same benefits as the healthy ash trees located outside of infested neighborhoods. In general, our results show that the EAB outbreak has had a negative impact on home values for properties located in close proximity to the ash tree component of the urban forest. This result holds true for neighborhoods where EAB does not yet pose an imminent threat, and is amplified for neighborhoods where EAB has been detected. Our results highlight the early stages of a dynamic economic process that impacts urban residential property owners subject to the risk of EAB or other tree pests and diseases. In general, we find that forward-looking behavior of residential property owners is capitalized into property values during the process of forest pest infestation.
- Property value effects of the Hemlock wooly adelgid infestation in New England, USALi, Xiaoshu; Boyle, Kevin J.; Preisser, Evan L.; Holmes, Thomas P.; Orwig, David (Elsevier, 2022-04)We investigate residential property-price effects of the spread of the Hemlock wooly adelgid infestation northward through central portions of Connecticut and Massachusetts, USA. We find that hemlock trees and the accompanying adelgid infestation within 0.1 km buffers of properties affect sale prices, but the results do not extend to buffers of 0.5 and 1.0 km's. Further, within the 0.1 km buffer, only the healthiest hemlock trees contribute positively to property values. We investigated the robustness of the results to three data interpolation methods, Kriging, Inverse Distance Weighting and Spline, and while there was some minor difference in outcomes the results are robust to these interpolation methods. Two property-price models were estimated, a traditional hedonic model with spatial fixed effects and a repeat sale model. The models provide substantially different property-price impacts and care needs to be taken when interpreting these estimates. Both approaches are limited but in different ways; the hedonic by potentially omitted variables and the repeat-sales by a limited number of observations. Our results provide some support for the repeat-sale model as the hedonic model with spatial fixed effects underperformed when both models were estimated using the same data.
- Stated and Revealed Preference Valuation of Forest EcosystemsLi, Xiaoshu (Virginia Tech, 2014-08-27)Stated preference and revealed preference are two commonly conducted non-market value evaluation methods which can also be applied to make evaluation of forest ecosystem. In the application of these evaluation methodologies, there always exists limitation from the data collection and empirical analysis. In the dissertation here, I extend the traditional evaluation methods with novel design or statistical analysis approaches to solve the practical problem we met in evaluation of forest ecosystem. The first and second chapters are based on stated preference methods. The first chapter employ both the mail survey and on-site survey to investigate the preference for attributes of low-impact timber harvesting programs. In the second chapter, we recruit three interest groups for on-site survey and compare their preference for the low-impact timber harvesting programs. In these first two chapters, choice modeling method is employed to elicit the respondents' preferences, and I also use bootstrap method to get robust estimation results for small sample size data. The last chapter employed revealed preference method to evaluate the economic losses from hemlock damages caused by forest pest. Three different interpolation methods are employed to scale-up the analysis from sites to states. Based on the findings of all three chapters, we can see that these survey design and statistical methods help to overcome the limitations in empirical analysis of forest ecosystem and make more robust inferences for design forest protection policies.