Estimating the amenity value of rainfall

Research output: Contribution to journalArticle

10 Scopus citations

Abstract

The amenity value of two measures of rainfall are investigated in this study: long term average annual rainfall and the variation in rainfall within the year. Estimates of the economic value of rainfall and variation in rainfall are found using the hedonic property value technique. The results indicate that rainfall is an attribute for which the distribution as well as the average annual level is important. Home buyers prefer less annual rainfall, but, holding annual rainfall constant, buyers will also pay more for greater seasonal variation in rainfall.

Original languageEnglish (US)
Pages (from-to)273-283
Number of pages11
JournalAnnals of Regional Science
Volume30
Issue number3
DOIs
StatePublished - Sep 1996
Externally publishedYes

ASJC Scopus subject areas

  • Environmental Science(all)
  • Social Sciences(all)

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