GIS-based hedonic pricing of landscape - INRAE - Institut national de recherche pour l’agriculture, l’alimentation et l’environnement Access content directly
Journal Articles Environmental and Resource Economics Year : 2009

GIS-based hedonic pricing of landscape

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.

Dates and versions

hal-02668434 , version 1 (31-05-2020)

Identifiers

Cite

Jean Cavailhès, Thierry Brossard, Jean-Christophe Foltête, Mohamed Hilal, Daniel Joly, et al.. GIS-based hedonic pricing of landscape. Environmental and Resource Economics, 2009, 44 (4), pp.571-590. ⟨10.1007/s10640-009-9302-8⟩. ⟨hal-02668434⟩
13 View
0 Download

Altmetric

Share

Gmail Facebook X LinkedIn More