- Series Information
- List of Contributors
- Introduction: Land as an Integrating Theme in Economics
- Integrating Regional Economic Development Analysis and Land Use Economics
- Technology Adoption and Land Use
- Are Large Metropolitan Areas Still Viable?
- Modeling the Land Use Change with Biofuels
- Modeling the Determinants of Farmland Values in the United States
- Land Use and Sustainable Economic Development: Developing World
- The Economics of Wildlife Conservation
- Connecting Ecosystem Services to Land Use: Implications for Valuation and Policy
- Land Use and Climate Change
- Land Use, Climate Change, and Ecosystem Services
- Fire: An Agent and a Consequence of Land Use Change
- Land Use and Municipal Profiles
- An Assessment of Empirical Methods for Modeling Land Use
- Equilibrium Sorting Models of Land Use and Residential Choice
- Landscape Simulations with Econometric-Based Land Use Models
- An Economic Perspective on Agent-Based Models of Land Use and Land Cover Change
- Spatial Econometric Modeling of Land Use Change
- Using Quasi-Experimental Methods to Evaluate Land Policies: Application to Maryland’s Priority Funding Legislation
- Applying Experiments to Land Economics: Public Information and Auction Efficiency in Ecosystem Service Markets
- Open Space Preservation: Direct Controls and Fiscal Incentives
- Land Conservation in the United States
- European Agri-Environmental Policy: The Conservation and Re-Creation of Cultural Landscapes
- Agri-Environmental Policies: A Comparison of US and EU Experiences
- Stigmatized Sites and Urban Brownfield Redevelopment
- Regulatory Takings
- Eminent Domain and the Land Assembly Problem
- Future Research Directions in Land Economics
- Subject Index
Abstract and Keywords
This chapter focuses on the economic value of open space, various preservation programs, and the impacts of nonfederal fiscal and land use policies on local open space. Earlier studies of open space benefits and preservation programs are reviewed, followed by specification of an open-city model of the fiscal and zoning policies of local government and the underlying household choices of lot size, structure, and other goods. Simulations are used to examine the impacts of state aid on local policies and household responses and their effects on open space. The simulations, as well as a panel data analysis of fiscal and land use patterns in Connecticut townships, suggest that channeling more funds to local governments to relieve fiscal pressure to zone more land for development may be counterproductive, resulting in more development and less open space. Fruitful areas of further research on the financing and economic role of open space are suggested.
Ekaterina Gnedenko is Lecturer in the Department of Economics at Tufts University.
Dennis Heffley is Professor in the Department of Economics at University of Connecticut.
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