PT  - JOURNAL ARTICLE
AU  - Netusil, Noelwah R.
AU  - Chattopadhyay, Sudip
AU  - Kovacs, Kent F.
TI  - Estimating the Demand for Tree Canopy: A Second-Stage Hedonic Price Analysis in Portland, Oregon
AID  - 10.3368/le.86.2.281
DP  - 2010 May 01
TA  - Land Economics
PG  - 281--293
VI  - 86
IP  - 2
4099  - http://le.uwpress.org/content/86/2/281.short
4100  - http://le.uwpress.org/content/86/2/281.full
SO  - Land Econ2010 May 01; 86
AB  - The benefits of large patches of tree canopy are estimated by applying a hedonic price model to the sale of single-family residential properties in Portland, Oregon. The first-stage analysis provides evidence of diminishing returns from increasing tree canopy past a certain level. The second-stage analysis uses a survey of property owners’ preferences and socioeconomic characteristics to overcome the problem of endogeneity. Average benefit estimates for the mean canopy cover within ¼ mile of properties in the study area, using the second-stage model, are between 0.75% and 2.52% of the mean sale price. (JEL Q21, Q51)