Browsing by Author "Vannoy, Mallory Drew"
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- Hedonic Valuation of Forested Riparian Buffers Along Rivers in Northwestern North CarolinaVannoy, Mallory Drew (Virginia Tech, 2021-05-24)This revealed preference study estimates the implicit value associated with owning a home along a river and tree coverage of riparian areas along rivers. The setting of this study is Ashe and Watauga Counties in Northwestern North Carolina and the two rivers that flow through those counties: New River and Watauga River. House sales form the basis of the hedonic models used to value these environmental characteristics. Homes that border a river sell for at least $28,000 more than otherwise similar homes that do not border a river. Riparian area tree coverage positively impacts river-bordering house prices, but only to a certain point. The results of this study are important for environmental organizations in this region working to safeguard the New and Watauga Rivers through riparian buffer installation and protection.