Is there more to trees than timber? Estimating the private amenity value of forests using a hedonic land model for combined agricultural properties

M. Lautrup, T.E. Panduro, J.V. Olsen, M.F. Pedersen and J.B. Jacobsen

Forest Policy and Economics, 2023, vol. 146, issue C

Abstract: Forests offer a range of amenity values besides the production value of timber. We know from existing studies, that the trees' height and species affect the public's recreational values, but it is less clear how much the joy of owning a property with forest matters, and whether the joy depends on characteristics like tree height and species.

Keywords: Amenity value; Forest; Land prices; Hedonic model; Geographical information systems (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:146:y:2023:i:c:s1389934122001800

DOI: 10.1016/j.forpol.2022.102867

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