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USING PREDICTED MARKET VALUES FOR ECOLOGICALLY VALUABLE NATURAL LANDS IN LAND PRESERVATION PROGRAM OPTIMAL TARGETING SCHEME: APPLICATION TO MARYLAND'S GREENPRINT PROGRAM

dc.contributor.advisorLynch, Lorettaen_US
dc.contributor.authorPalm, Karenen_US
dc.date.accessioned2005-10-11T10:50:05Z
dc.date.available2005-10-11T10:50:05Z
dc.date.issued2005-08-10en_US
dc.identifier.urihttp://hdl.handle.net/1903/2990
dc.description.abstractThirty-eight U.S. states have programs to preserve land with ecological value yet few consider land acquisition costs in their selection criteria although targeting could improve the efficiency of these programs. To demonstrate this, a hedonic model is estimated on land characteristics including those that contribute to ecosystem services from recent arms' length market transactions. The estimated parameters are used to predict market values of parcels greater than 10 acres in three southern Maryland counties. The study compares targeting packages developed through overall benefits optimization, specific benefits optimization, and acreage optimization subject to projected budgets. The results suggest including market values permits Maryland's GreenPrint program, designed to protect ecologically valuable land, to preserve more acreage among parcels rated "excellent" for ecological characteristics. Comparing unconstrained parcel choice sets with the study's three county, unimproved parcel, and 100+ acre parcel constraints highlights the benefits of developing targeting packages from unconstrained parcel choice sets.en_US
dc.format.extent1131873 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen_US
dc.titleUSING PREDICTED MARKET VALUES FOR ECOLOGICALLY VALUABLE NATURAL LANDS IN LAND PRESERVATION PROGRAM OPTIMAL TARGETING SCHEME: APPLICATION TO MARYLAND'S GREENPRINT PROGRAMen_US
dc.typeThesisen_US
dc.contributor.publisherDigital Repository at the University of Marylanden_US
dc.contributor.publisherUniversity of Maryland (College Park, Md.)en_US
dc.contributor.departmentAgricultural and Resource Economicsen_US
dc.subject.pqcontrolledEconomics, Generalen_US
dc.subject.pqcontrolledEconomics, Agriculturalen_US
dc.subject.pqcontrolledUrban and Regional Planningen_US
dc.subject.pquncontrolledhedonic modelen_US
dc.subject.pquncontrolledecological valueen_US
dc.subject.pquncontrolledmaryland greenprinten_US
dc.subject.pquncontrolledland preservationen_US
dc.subject.pquncontrolledtargeting;en_US


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