Use of the Hedonic Method to Estimate Lake Sedimentation Impacts on Property Values in Mountain Park and Roswell, GA

Elizabeth Hill, Sam Pugh and Jeffrey Mullen

No 9950, 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Metropolitan Atlanta has experienced explosive population growth in the past few decades, which has resulted in rapid residential growth. The City of Roswell is one the best examples of residential growth on the urban fringe of Atlanta, with its housing stock increasing by more than 50 percent from 1990 to 2000. Stormwater runoff created from these development sites is expected to be causing sedimentation accumulation in lakes within Roswell and a neighboring, downstream wildlife refuge located in the City of Mountain Park. Because sedimentation tends to fill-in and shrink lakes, our results provide some indication of the potential property damages associated with sedimentation. Furthermore, our results provide evidence that lake value is not monotonically increasing with lake size, which is believed to be due to the influence that geographic, environmental, and social factors have on the degree to which lakes add value to housing prices.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 21
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea07:9950

DOI: 10.22004/ag.econ.9950

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