RT Journal Article SR Electronic T1 Measuring the Value of U.S. National Parks using Hedonic Property Value Models JF Land Economics JO Land Econ FD University of Wisconsin Press SP 102122-0088R1 DO 10.3368/le.100.1.102122-0088R1 A1 Zabel, Jeffrey A1 Nolte, Christoph A1 Paterson, Robert YR 2023 UL http://le.uwpress.org/content/early/2023/08/15/le.100.1.102122-0088R1.abstract AB The National Park Service (NPS) is expected to calculate the economic benefits of national parks for use when evaluating policy and management options of the parks (Loomis 2002). We estimate the marginal willingness to pay (MWTP) to live close to a national park that is capitalized into house prices for 18 national parks. We find that estimated effects can be significant and are heterogeneous across different types of parks. However, these effects can also be attributed to other factors in the housing market which brings the significance of these estimated impacts into question.