Remotely sensed proxies for environmental amenities in hedonic analysis: What does “green” mean?

Rosalind H. Bark-Hodgins, Daniel E. Osgood, Bonnie G. Colby

Research output: Chapter in Book/Report/Conference proceedingChapter

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 (US)
Title of host publicationEnvironmental Valuation
Subtitle of host publicationInterregional and Intraregional Perspectives
PublisherTaylor and Francis
Pages191-209
Number of pages19
ISBN (Electronic)9781351158954
ISBN (Print)9780815388838
DOIs
StatePublished - Jan 1 2017

ASJC Scopus subject areas

  • Engineering(all)
  • Arts and Humanities(all)
  • Social Sciences(all)

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