RT Journal Article
SR Electronic
T1 Measuring the Value of U.S. National Parks Using Hedonic Property Value Models
JF Land Economics
FD University of Wisconsin Press
SP 176
OP 199
DO 10.3368/le.100.1.102122-0088R1
VO 100
IS 1
A1 Zabel, Jeffrey
A1 Nolte, Christoph
A1 Paterson, Robert
YR 2024
UL http://le.uwpress.org/content/100/1/176.abstract
AB The National Park Service is expected to calculate the economic benefits of national parks for use when evaluating policy and management options of the parks (Loomis 2002). We estimated the marginal willingness to pay to live close to a national park that is capitalized into house prices for 18 national parks and found 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.