Hedonic Pricing to Monetize Ecosystem Services Provided by Water Sensitive Urban Design: A Comparison of Geelong, Australia and Singapore

Autor:	Lloyd Hc Chua, Kim N. Irvine, Bing Han Choy, Jarrod Gaut, Huu Loc Ho, Nij Tontisirin
Rok vydání:	2020
Předmět:	Urban Studies Natural resource economics Hedonic pricing Conservation Business Management Monitoring Policy and Law Water-sensitive urban design Nature and Landscape Conservation Ecosystem services
Zdroj:	Nakhara : Journal of Environmental Design and Planning. 19:59-78
ISSN:	2651-2416 2672-9016
Popis:	Water Sensitive Urban Design (WSUD) features increasingly are used for urban water management, green urban design, and improved community liveability, but relatively less data are available on the ecosystem services that WSUD provides. We used hedonic pricing, supported by qualitative surveys, in Geelong, Australia and Singapore, to evaluate benefits related to large WSUD features. For both locations there was a significant (α=0.05) inverse relationship between sale price of a residence and distance to the WSUD features. Qualitative surveys corroborated the hedonic pricing analysis, as a majority of people appreciated benefits accrued from living near WSUD features.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::9388e5573aced78fadf7eaf24f622cb9 https://doi.org/10.54028/nj2020195978 Zobrazit plný text záznamu