GIS-based hedonic pricing of landscape

Jean Cavailhès, Thierry Brossard, Jean-Christophe Foltête (), Mohamed Hilal (), Daniel Joly (), François-Pierre Tourneux, Céline Tritz () and Pierre Wavresky ()
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Jean Cavailhès: CESAER - Centre d'Economie et de Sociologie Rurales Appliquées à l'Agriculture et aux Espaces Ruraux - ENESAD - Etablissement National d'Enseignement Supérieur Agronomique de Dijon - INRA - Institut National de la Recherche Agronomique
Thierry Brossard: CNRS - Centre National de la Recherche Scientifique
Jean-Christophe Foltête: UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE]
Mohamed Hilal: CESAER - Centre d'Economie et de Sociologie Rurales Appliquées à l'Agriculture et aux Espaces Ruraux - ENESAD - Etablissement National d'Enseignement Supérieur Agronomique de Dijon - INRA - Institut National de la Recherche Agronomique
Daniel Joly: CNRS - Centre National de la Recherche Scientifique
François-Pierre Tourneux: UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE]
Céline Tritz: CNRS - Centre National de la Recherche Scientifique
Pierre Wavresky: CESAER - Centre d'Economie et de Sociologie Rurales Appliquées à l'Agriculture et aux Espaces Ruraux - ENESAD - Etablissement National d'Enseignement Supérieur Agronomique de Dijon - INRA - Institut National de la Recherche Agronomique

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Abstract: Hedonic prices of landscape are estimated in the urban fringe of Dijon (France). Viewshed and its content as perceived at ground level are analyzed from satellite images supplemented by a digital elevation model. Landscape attributes are then fed into econometric models (based on 2,667 house sales) that allows for endogeneity, multicollinearity, and spatial orrelations. Results show that when in the line of sight, trees and farmland in the immediate vicinity of houses command positive prices and roads negative prices; if out of sight, their prices are markedly lower or insignificant: the view itself matters. The layout of features in fragmented landscapes commands positive hedonic prices. Landscapes and features in sight but more than 100–300 m away all have insignificant prices.

Keywords: AMENITY; HEDONIC PRICING; LANDSCAPE; VIEW (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (29)

Published in Environmental and Resource Economics, 2009, 44 (4), pp.571-590. ⟨10.1007/s10640-009-9302-8⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02668434

DOI: 10.1007/s10640-009-9302-8

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