BACKGROUND AND AIMS Perennial ryegrass (Lolium perenne) is one of the key forage and amenity grasses throughout the world. In the UK it accounts for 70 % of all agricultural land use with an estimated farm gate value of 6 billion pounds per annum. However, in terms of the genetic resources available, L. perenne has lagged behind other major crops in Poaceae. The aim of this project was therefor...

This paper develops a generalized framework for hedonic estimation that exploits experimental and quasi-experimental designs to relax many assumptions required by previous approaches. In the context of an idealized experiment, the identifiability is established of the distribution across consumers of the Marginal Willingness to Pay (MWTP) for a given product-specific amenity with few restrictio...

We present a general approach to study optimal rotation policy with amenity valuation under stochastic forest stand value. We state a set of weak conditions under which a unique optimal harvesting threshold exists and derive the value of the optimal policy. We characterize the impact of forest stand value volatility on both the total and the marginal expected cumulative present value of the rev...

Urban economics has traditionally viewed cities as having advantages in production and disadvantages in consumption. We argue that the role of urban density in facilitating consumption is extremely important and understudied. As firms become more mobile, the success of cities hinges more and more on cities' role as centers of consumption. Empirically, we find that high amenity cities have grown...

This study uses the hedonic approach to measure the amenity value of climate in Germany. Unlike in earlier research separate hedonic wage rate and house price regressions are estimated for relatively small geographic areas and formal tests undertaken to determine whether the coefficients describing the impact of climate variables are homogenous over these areas. The evidence suggests that house...

Abstract The relocation of the capital city Republic Indonesia to East Kalimantan, which is called Nusantara, will certainly increase resident migration Kalimantan. This affect tourism activity needs. Although, it can also threaten existence water system, flora and fauna, pollution other environmental damage. Samboja, one Subdistrict Kutai Kartanegara, buffer zones Nusantara. Samboja has a grea...

A significant fraction of GDP is generated by implicit expenditures on spatially varying nonmarket amenities such as climate, public goods, urban infrastructure, and pollution. People pay for these amenities indirectly, through spatial variation in housing prices, wages and property taxes. In this paper we construct a new database of 75 amenities, match it to location choices made by 5 million ...