Valuation of Lake Resources through Hedonic Pricing

Abstract

This report describes the application of the hedonic pricing technique (property values) to the evaluation of lake resources. Hedonic models are developed to test three hypotheses: (1) Land value of lakefront property is greater than non lake-front property. (2) The effect of lake characteristics (size and water quality) is realized in land values. (3) Water resource related impact on land value will diminish with distance from the water sources. Results confirmed all three hypotheses and illustrated the use of the hedonic technique for evaluating such environmental amenities as lake resources.

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Document Details

Document Type
Technical Report
Publication Date
Sep 30, 1992
Accession Number
ADA271900

Entities

People

  • Edward M. Pettit
  • Panagiotis Ventikos
  • Timothy D. Feather

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Computer Programming
  • Computer Programs
  • Databases
  • Economic Analysis
  • Environment
  • Environmental Protection
  • Flood Control
  • Flood Hazards
  • Geographic Information Systems
  • Geography
  • Natural Resources
  • Statistical Analysis
  • Surveys
  • Waste Disposal Facilities
  • Water Pollution
  • Water Quality
  • Water Resources

Readers

  • Coastal and Marine Engineering/Sediment Transport/Hydraulic Engineering
  • Industrial Economics
  • Regression Analysis.