Remotely Sensed Proxies for Environmental Amenities in Hedonic Analysis: What Does “Green” Mean?

Rosalind Bark, Daniel E. Osgood, Bonnie G. Colby

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review

1 Citation (Scopus)

Abstract

This chapter focuses on the new and innovative use of remote sensing in hedonic price analyses, either to control for amenities or to proxy difficult-to-measure environmental amenities or ecological benefits that are the subject of valuation. Remotely sensed vegetation indices hold some promise in differentiating such "green" amenities and as a proxy for other amenities in arid or semi-arid areas, such as flowing water or cooler temperatures. Vegetation indices are a new tool that can control for vegetation and new research should help determine the reliability and potential usefulness of such information as an indicator of site-specific environmental amenities. The improvement would require the researcher to use a series of normalized difference vegetation index or soil-adjusted vegetation index images at dates coincident with the known leafing out times of the target species. Remote sensing of vegetation in a semi-arid riparian habitat is complicated by fragmented vegetation cover and species-rich habitats.
Original languageEnglish
Title of host publicationEnvironmental Valuation
Subtitle of host publicationInterregional and Intraregional Perspectives
PublisherRoutledge
Chapter9
Number of pages19
Edition1
ISBN (Print)9781351158961
DOIs
Publication statusPublished - 2006

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