The Dynamic Response of Housing Values to a Forest Invasive Disease: Evidence from a Sudden Oak Death Infestation

Kovacs, Kent; Holmes, Thomas P.; Englin, Jeffrey; Alexander, Janice

doi:10.1007/s10640-010-9441-y

Cited by 30 publications

(18 citation statements)

References 23 publications

(18 reference statements)

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“…Similarly, the estimated coefficients on distance to impaired river segments, which all lack statistical significance, in Cho et al (2011) likely muddle the pollution effect from the paper mill with potentially beneficial attributes of even a polluted waterway, such as cooling effects during summer. Conversely, Kovacs et al's (2011) RS version of their hedonic model produces substantially more significant and intuitively sound results than their cross-sectional specification, with the effect of nearby oak woods turning increasingly more negative over time.…”

Section: Conceptual Frameworkmentioning

confidence: 93%

“…This may explain the mixed signals in Kovacs et al's (2011) cross-sectional version of their model for the presence of oak woods within different perimeters and log-distances of a given residence. The coefficients for these terms likely capture both the amenity value of healthy oaks and the detrimental effect of diseased trees.…”

Section: Conceptual Frameworkmentioning

confidence: 99%

“…Focusing on two counties in the Colorado Front Range, we show that the MPB impact can be estimated using host trees as translating commodity, following the implicit strategy of Kovacs et al (2011). We find that accumulated losses in home values amount to hundreds of millions of dollars for properties in the host tree zone.…”

Section: Introductionmentioning

confidence: 99%

“…In this case, the policy-relevant variable from the perspective of a regulating agency is the unobserved water quality, and the TA is the river segment itself. A similar approach is taken by Kovacs et al (2011), who use home-specific distances to live oak woodland (the TA), as well as binary indicators for the presence or absence of such woodlands within different perimeters of a given residence to estimate the effect of sudden oak death infestations (the policy-relevant environmental quality) on local housing markets.…”

Section: Introductionmentioning

confidence: 99%

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Hedonic Valuation with Translating Amenities: Mountain Pine Beetles and Host Trees in the Colorado Front Range

Cohen

Blinn

Boyle

et al. 2014

Environ Resource Econ

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In hedonic valuation studies the policy-relevant environmental quality attribute of interest is often costly to measure, especially under pronounced spatial and temporal variability. However, in many cases this attribute affects home prices and consumer preferences solely through its impact on a readily observable, spatially delineated, and time-invariant feature of the physical landscape. We label such a feature a "translating amenity." We show that under certain conditions changes in the marginal effect of such amenities on home values over time can be used to draw inference on the implicit price of the unobserved environmental quality of interest. We illustrate this approach in the context of a repeat-sales model and the recently intensified outbreak of the Mountain Pine Beetle in the Colorado Front Range.

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Section: Conceptual Frameworkmentioning

confidence: 93%

Section: Conceptual Frameworkmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Hedonic Valuation with Translating Amenities: Mountain Pine Beetles and Host Trees in the Colorado Front Range

Cohen

Blinn

Boyle

et al. 2014

Environ Resource Econ

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“…In their updated pathogen profile (for time reasons, not cited in the RAPRA report), Grünwald et al (2008) Kovacs et al 2010], the cost of monitoring, tracking and eradicating the disease, the societal impact through loss of recreational value and cultural value, and the ecological impact through loss of food resources for native fauna. "…”

Section: Jung Et Al (2009) Write That Up To 2007 "Stem Infections Hamentioning

confidence: 99%

Scientific Opinion on the Pest Risk Analysis onPhytophthora ramorumprepared by the FP6 project RAPRA

Rossi¹

2011

EFSA Journal

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The Panel on Plant Health was asked to deliver a scientific opinion on the Pest Risk Analysis on Phytophthora ramorum prepared by the FP6 project RAPRA, taking into account comments by Member States and additional information since RAPRA. P. ramorum is the oomycete causing sudden oak death in the USA and leaf and twig blight/dieback on a range of ornamental species in North America and Europe. Currently P. ramorum is not listed as a harmful organism in Council Directive 2000/29/EC, but the Commission adopted in 2002 provisional emergency measures to prevent introduction into and spread within the EU. Recent large-scale outbreaks in Japanese larch (Larix kaempferi) plantations in the UK and Ireland have worsened the potential consequences in the risk assessment area. However, the Panel concludes that the broad narrative in the RAPRA report stands and supports its conclusion that "There is a risk of further entry (of known or new lineages and/or mating types), establishment and […] impact". It is advisable to avoid introductions of different lineages because of inherent phenotypic differences and the potential for sexual recombination. The Panel supports the management options proposed in the RAPRA report and adds further measures for consideration. Uncertainty remains over the extent to which the association between control measures and gradual reduction in the number of cases in nurseries is causal. The emergency measures have not prevented outbreaks occurring in the natural environment. The many other remaining uncertainties (fitness of progeny, hybridisation with other Phytophthora species, host range and epidemiological role of new hosts, early detection of new outbreaks, understanding of long-range dispersal, structure of plant trade networks, origin of the pathogen) call for further research on P. ramorum across Europe. 4 Editorial changes have been made on pages 51 (acronym PRA removed as it was not in line with the Panel's dictionary as discussed in Appendix 2 of the Guidance on a harmonised framework for pest risk assessment and the identification and evaluation of pest risk management options by EFSA) and 89 (statement which referred to the Panel agreeing with the RAPRA conclusion that "P. ramorum fulfils the criteria of a quarantine pest" was removed as requested by the Panel during adoption of the draft opinion). The changes do not affect the overall conclusions of the opinion. To avoid confusion the original version has been removed from the website. The scope of this Scientific Opinion is the evaluation of the RAPRA report, taking into consideration the comments of Member States as well as additional information published after finalisation of the RAPRA report, or not cited in the RAPRA report. A systematic literature search until March 2011 was carried out. It should be noted that the scientific community is concerned by the shift of P. ramorum to new hosts (with a special focus on the Japanese larch) and its further spread, and therefore new results of ongoing research are constantly be...

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A Workflow for Metabolomics of Forest Tree Biotic Stress Response and Applications for Management

Conrad,

Villari,

Bonello

2023

Monitoring Forest Damage With Metabolomics Methods

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The Dynamic Response of Housing Values to a Forest Invasive Disease: Evidence from a Sudden Oak Death Infestation

Abstract: Difference-in-differences, Spatial hedonic, Invasive diseases, Sudden oak death,

Cited by 30 publications

References 23 publications

Hedonic Valuation with Translating Amenities: Mountain Pine Beetles and Host Trees in the Colorado Front Range

Hedonic Valuation with Translating Amenities: Mountain Pine Beetles and Host Trees in the Colorado Front Range

Scientific Opinion on the Pest Risk Analysis onPhytophthora ramorumprepared by the FP6 project RAPRA

A Workflow for Metabolomics of Forest Tree Biotic Stress Response and Applications for Management

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