Investigating revealed preferences for urban waterway conditions: A hedonic property valuation study (Record no. 134508)

MARC details
000 -LEADER
fixed length control field 02073nas a2200253Ia 4500
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fixed length control field 241107c99999999xx |||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 1467-8489
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Thomy, Buyani
9 (RLIN) 123420
245 #0 - TITLE STATEMENT
Title Investigating revealed preferences for urban waterway conditions: A hedonic property valuation study
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Australian Journal of Agricultural and Resource Economics
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 253-269
520 ## - SUMMARY, ETC.
Abstract This study examines the impact of urban waterway conditions on property market prices. In general, similar revealed preference studies typically focus on identifying the value associated with changes in attributes such as riparian vegetation or water quality. Using an index that classifies waterways based on the vegetation and channel conditions, we analyse both attributes. Our spatial hedonic property price model findings indicate that buyers are willing to pay premiums ranging from 2.7% to 8.5%, depending on vegetation and channel conditions. However, when the proximity to the waterway is accounted for, we found that properties adjacent to the highest-ranked vegetation and channel conditions attract a higher premium of 12.8%. Overall, the implicit marginal effects for the distance-condition interaction variables indicate that for lower-ranked waterway conditions, there is a relative aversion to being adjacent to waterways. The results suggest that there are significant gains to be realised from removing concrete-lined channels and replacing them with stones for banks, or re-creating unmodified channels, even if there is only limited scope for increasing vegetation.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Ecological Indices
9 (RLIN) 123421
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Hedonic Price Model
9 (RLIN) 123422
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Riparian Vegetation
9 (RLIN) 123423
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Urban Streams
9 (RLIN) 123424
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Channel Condition
9 (RLIN) 123425
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Bark, Rosalind H.
9 (RLIN) 123426
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Boyle, Kevin J.
9 (RLIN) 123427
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Duncan, Roderick
9 (RLIN) 123428
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Morrison, Mark
9 (RLIN) 123429
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://onlinelibrary.wiley.com/doi/abs/10.1111/1467-8489.12561">https://onlinelibrary.wiley.com/doi/abs/10.1111/1467-8489.12561</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 134508
Holdings
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        Dr VKRV Rao Library Dr VKRV Rao Library 07/11/2024 Vol. 68, No. 2   AI779 07/11/2024 07/11/2024 Article Index