Hedonic Valuation with Translating Amenities: Mountain Pine Beetles and Host Trees in the Colorado Front Range

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dc.contributor.authorCohen, Jed Jacoben
dc.contributor.authorBlinn, Christine E.en
dc.contributor.authorBoyle, Kevin J.en
dc.contributor.authorHolmes, Thomas P.en
dc.contributor.authorMoeltner, Klausen
dc.contributor.departmentAgricultural and Applied Economicsen
dc.contributor.departmentForest Resources and Environmental Conservationen
dc.coverage.countryUnited Statesen
dc.coverage.stateColoradoen
dc.date.accessioned2020-04-23T13:09:48Zen
dc.date.available2020-04-23T13:09:48Zen
dc.date.issued2016-03en
dc.description.abstractIn hedonic valuation studies the policy-relevant environmental quality attribute of interest is often costly to measure, especially under pronounced spatial and temporal variability. However, in many cases this attribute affects home prices and consumer preferences solely through its impact on a readily observable, spatially delineated, and time-invariant feature of the physical landscape. We label such a feature a "translating amenity." We show that under certain conditions changes in the marginal effect of such amenities on home values over time can be used to draw inference on the implicit price of the unobserved environmental quality of interest. We illustrate this approach in the context of a repeat-sales model and the recently intensified outbreak of the Mountain Pine Beetle in the Colorado Front Range.en
dc.description.adminPublic domain – authored by a U.S. government employeeen
dc.description.notesWe thank seminar participants at the 2013 Meetings of the W3133 Western Regional Science Project (Coeur d' Alene, ID, Feb. 27-March 2), and the US Airforce Academy, Colorado Springs (March 15, 2013), for insightful and stimulating comments. Funding provided by the Southern Research Station, USDA Forest Service, is gratefully acknowledged.en
dc.description.sponsorshipSouthern Research Station, USDA Forest ServiceUnited States Department of Agriculture (USDA)United States Forest Serviceen
dc.description.versionPublished versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.doihttps://doi.org/10.1007/s10640-014-9856-yen
dc.identifier.eissn1573-1502en
dc.identifier.issn0924-6460en
dc.identifier.issue3en
dc.identifier.urihttp://hdl.handle.net/10919/97895en
dc.identifier.volume63en
dc.language.isoenen
dc.rightsPublic Domain (U. S.)en
dc.rights.urihttp://creativecommons.org/publicdomain/mark/1.0/en
dc.subjectForest pestsen
dc.subjectProperty valuesen
dc.subjectRepeat-sales modelen
dc.subjectWildland-urban interfaceen
dc.titleHedonic Valuation with Translating Amenities: Mountain Pine Beetles and Host Trees in the Colorado Front Rangeen
dc.title.serialEnvironmental & Resource Economicsen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
dc.type.dcmitypeStillImageen

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