The Effects of Conservation Easements on Land Values

The Conservation easement has become a popular tool for land protection in the past few decades. Whether this development restriction will necessarily decrease the land value is an empirical question. This study employs a hedonic pricing approach to test empirically the effects of conservation easements on land values. The econometric results indicate that conservation easements can slightly increase the land values, but the effect is statistically insignificance. Considering the limited dataset, the interpretation of the results warrant some caution.

Name thesis:degree_name

Master of Science

Level thesis:degree_level

masters

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

• Zhang, Xiaowei

Chair dc:contributor.committeechair

• Geyer, L. Leon

Committee members dc:contributor.committeemember

• Richardson, Jesse J.
• McGuirk, Anya M.

• Land Value
• Preservation of Open Space
• Conservation Easement

Statement dc:rights

• In Copyright

Licence dc:rights.uri

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

Dc Identifier Other

etd-05122004-101127

OAI identifier oai:identifier

oai:vtechworks.lib.vt.edu:10919/32626