Preferences for urban green spaces and peri-urban forests: An analysis of stated residential choices

Gengyang Tu (), Jens Abildtrup () and Serge Garcia
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Gengyang Tu: Laboratoire d'Economie Forestière, INRA - AgroParisTech
Jens Abildtrup: Laboratoire d'Economie Forestière, INRA - AgroParisTech

No 2015-02, Working Papers - Cahiers du LEF from Laboratoire d'Economie Forestiere, AgroParisTech-INRA

Abstract: This paper assesses the value of urban green spaces, specifically peri-urban forests and their potential substitutes, for the local population on the basis of their residential choice. We applied a choice experiment (CE) that focuses on trade-offs between private housing characteristics and the environmental aspects of neighborhood. Individual willingness to pay (WTP) is estimated from a latent class model and a mixed logit model along with a WTP space approach. Our results show that green spaces provide both direct use value (recreation) and indirect use value (scenic views). We find that peri-urban forests and parks are not substitutes. However, ownership of a private garden reduces the WTP to live closer to an urban park.

Keywords: Choice experiment; residential location; urban green spaces; latent class model; mixed logit model; willingness-to pay space (search for similar items in EconPapers)
JEL-codes: C5 Q26 Q51 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2015-02, Revised 2015-02
New Economics Papers: this item is included in nep-dcm, nep-env and nep-ure
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