VALUATION OF RANCHETTE AMENITIES: A HEDONIC APPROACH

Sanchita Sengupta and Daniel E. Osgood

No 36547, 2002 Annual Meeting, July 28-31, 2002, Long Beach, California from Western Agricultural Economics Association

Abstract: Throughout the Western United States, production ranches are being subdivided into recreation -oriented "ranchettes". This paper presents a hedonic model for ranchettes, introducing the use of remote sensing vegetative indices and neighborhood characteristics. It is found that increased greenness, access to roads, cities, and proximity to open space increase sale prices.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 21
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waealb:36547

DOI: 10.22004/ag.econ.36547

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