Windfalls for Wilderness: Land Protection and Land Value in the Green Mountains

Land is a composite good, the price of which varies with its characteristics, including proximity to amenities. Analysis of data from sales of land near Green Mountain National Forest wilderness areas in a hedonic price model reveals a positive relationship between proximity to protected wilderness and market values for residential properties. The applications of this result include improved consideration of the positive economic impacts of land conservation in political deliberations over public land management and new mechanisms for financing land conservation, local planning and development efforts, and maintenance of affordable housing in high-amenity/high-cost areas.

Name thesis:degree_name

Ph. D.

Level thesis:degree_level

doctoral

Discipline thesis:degree_discipline

Agricultural and Applied Economics

Department dc:contributor.department

Agricultural and Applied Economics

Grantor dc:publisher

Virginia Tech

Year dc:date.issued

2004

Author dc:creator

• Phillips, Spencer R.

Chair dc:contributor.committeechair

• McGuirk, Anya M.

Committee members dc:contributor.committeemember

• Amacher, Gregory S.
• Alwang, Jeffrey R.
• Tideman, Nicolaus
• Shabman, Leonard A.

• land prices
• hedonic model
• wilderness
• conservation

Statement dc:rights

• In Copyright

Licence dc:rights.uri

• http://rightsstatements.org/vocab/InC/1.0/

Dc Identifier Other

etd-02042004-141616

OAI identifier oai:identifier

oai:vtechworks.lib.vt.edu:10919/11104