Title page for ETD etd-02042004-141616

Type of Document Dissertation
Author Phillips, Spencer R
Author's Email Address spencer_phillips@tws.org
URN etd-02042004-141616
Title Windfalls for Wilderness: Land Protection and Land Value in the Green Mountains
Degree PhD
Department Agricultural and Applied Economics
Advisory Committee
Advisor Name Title
McGuirk, Anya M. Committee Chair
Alwang, Jeffrey R. Committee Member
Amacher, Gregory S. Committee Member
Shabman, Leonard A. Committee Member
Tideman, Thorwald Nicolaus Committee Member
  • land prices
  • hedonic model
  • wilderness
  • conservation
Date of Defense 2004-02-04
Availability unrestricted
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.
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