Abstract
Using data from a conjoint instrument, we estimate compensating variation for the presence of neighboring land that is dedicated to agricultural use (versus developed uses), the preservation of surrounding farmland as permanent cropland, and key neighborhood characteristics such as neighborhood parks, commute times, school quality, and safety. We find that rural-urban fringe areas that are located within commuting distance of urban areas and that have an abundance of farmland could attract residential development. Typical preservation efforts, featuring small parcels of preserved farmland, would induce further residential growth only for areas with short commutes and small amounts of remaining farmland. (JEL R14, Q15)
This article requires a subscription to view the full text. If you have a subscription you may use the login form below to view the article. Access to this article can also be purchased.
Log in using your username and password
Purchase access
In this issue
Jump to section
Related Articles
Cited By...
- Individualized Geocoding in Stated Preference Questionnaires: Implications for Survey Design and Welfare Estimation
- Is Sprawling Residential Behavior Influenced by Climate?
- Sample Selection, Individual Heterogeneity, and Regional Heterogeneity in Valuing Farmland Conservation Easements
- Do Agricultural Land Preservation Programs Reduce Farmland Loss? Evidence from a Propensity Score Matching Estimator