THE EFFECTS OF ENVIRONMENTAL RESTORATION ON HOUSING PRICES IN NORTHERN COLORADO
2020
- 301Usage
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Metrics Details
- Usage301
- Downloads255
- Abstract Views46
Thesis / Dissertation Description
Hedonic valuation is a method of using a market, such as the housing market, to estimate the value of non-market goods. An example of a non-market good we might want to value is environmental quality. Proper valuation of the environment can help make informed policy decisions, as well as help better protect or restore it. We use the hedonic valuation model This research uses data from a housing market in Colorado to estimate the value homeowners place on an environmental restoration project. We hypothesized that overall, we would see an increase in home value after a restoration project was completed as the increase in environmental quality would be reflected in a higher price. Our results show that there was around an 8% increase in selling price of homes after a restoration project took place. Results show that not every restoration project may lead to an increase in price however, as results by county show a decrease in home value in Boulder County. By showing that a clean environment may lead to a rise in property values, there could be an increase in restoration efforts, positively impacting the environment.
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