Hedonic Valuation of Forested Riparian Buffers Along Rivers in Northwestern North Carolina

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dc.contributor.authorVannoy, Mallory Drewen
dc.contributor.committeechairBoyle, Kevin J.en
dc.contributor.committeememberStephenson, Stephen Kurten
dc.contributor.committeememberSorice, Michael G.en
dc.contributor.departmentAgricultural and Applied Economicsen
dc.coverage.countryUnited Statesen
dc.coverage.stateNorth Carolinaen
dc.date.accessioned2022-11-16T07:00:27Zen
dc.date.available2022-11-16T07:00:27Zen
dc.date.issued2021-05-24en
dc.description.abstractThis 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.en
dc.description.abstractgeneralThis study describes homeowner values of owning a home near a river, along with values associated with 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. Using home sales data, models estimate the value of two environmental characteristics home properties. This research found that homes bordering a river sell for at least $28,000 more than otherwise similar homes that do not border a river. Having any amount of tree coverage up to 90% tree coverage in a riparian area increases home sale prices, therefore homeowners positively value tree coverage in riparian areas to a point. Tree coverage in riparian areas is beneficial for the protection of rivers and river-dependent wildlife. 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.en
dc.description.degreeMaster of Scienceen
dc.format.mediumETDen
dc.identifier.othervt_gsexam:30141en
dc.identifier.urihttp://hdl.handle.net/10919/112645en
dc.publisherVirginia Techen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectrevealed preferenceen
dc.subjectvalueen
dc.subjectenvironmental economicsen
dc.subjectriparian buffersen
dc.subjectnatural amenityen
dc.subjecthedonicen
dc.subjectAppalachiaen
dc.titleHedonic Valuation of Forested Riparian Buffers Along Rivers in Northwestern North Carolinaen
dc.typeThesisen
thesis.degree.disciplineAgricultural and Applied Economicsen
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen
thesis.degree.levelmastersen
thesis.degree.nameMaster of Scienceen

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