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Title: Windfalls for wilderness: land protection and land value in the Green Mountains

Author: Phillips, Spencer;

Date: 2000

Source: In: McCool, Stephen F.; Cole, David N.; Borrie, William T.; O’Loughlin, Jennifer, comps. 2000. Wilderness science in a time of change conference—Volume 2: Wilderness within the context of larger systems; 1999 May 23–27; Missoula, MT. Proceedings RMRS-P-15-VOL-2. Ogden, UT: U.S. Department of Agriculture, Forest Service, Rocky Mountain Research Station. p. 258-267

Publication Series: Proceedings (P)

   Note: This article is part of a larger document. View the larger document

Description: Land is a composite good, the price of which varies with its characteristics, including proximity to amenities. Using data from sales of land near Green Mountain National Forest wilderness areas in a hedonic price model, a positive relationship between proximity to protected wilderness and market values is revealed. The applications of this result include improved consideration of the positive economic impacts of land conservation and new mechanisms for financing land conservation.

Keywords: wilderness, land, conservation, land economics, land prices, amenity values, Green Mountain National Forest, Vermont

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Phillips, Spencer 2000. Windfalls for wilderness: land protection and land value in the Green Mountains. In: McCool, Stephen F.; Cole, David N.; Borrie, William T.; O’Loughlin, Jennifer, comps. 2000. Wilderness science in a time of change conference—Volume 2: Wilderness within the context of larger systems; 1999 May 23–27; Missoula, MT. Proceedings RMRS-P-15-VOL-2. Ogden, UT: U.S. Department of Agriculture, Forest Service, Rocky Mountain Research Station. p. 258-267

 


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