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Cost Benefit News covers legal, academic, and regulatory developments pertaining to the valuation of environmental amenities and disamenities, such as clean air, trees, parks, congestion, and noise. We apprise the reader about ways in which costs and benefits are measured, and the results of empirical studies. We hope that this information will allow public and private organizations to comprehend the risks and benefits of various actions, help disputants to resolve conflicts equitably and efficiently, and improve the quality of public policies. We will only discuss issues related to the empirical quantification of private and social costs and benefits and damages, and summarize information from daily newspapers, academic journals, legal publications, court decisions, professional newsletters commissioned studies, and on-line services. This newsletter is dedicated to the principle that all policies place values upon life, liberty, and the pursuit of happiness. We believe that more information, explicit specification of assumptions, and rigorous analysis can help our society to better meet these ends. This site will increasingly serve, in conjunction with others, as a valuation database. We will include a wide range of studies, including non-environmental reports, because omission of a factor effectively values it at zero, and biases decisions. Heavy traffic has caused several site crashes. We are attempting to correct these problems. Apologies for any inconvenience.
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Spatial planning procedures and property prices: The role of expectations

By CostBenefit on Feb 13, 2011 | In General, Real Estate Construction Housing, Academic Study/Journal Article, Transportation, Preservation & Open Space, Regulatory Analysis, Hedonic Analysis, Environmental Economics / Ecological Economics, Costs and Benefits

Abstract: The objective of this paper is to show if, and to what extent, spatial planning procedures affect residential property prices. To answer this question we used data on residential property prices from an area in the Netherlands called Midden-De… more »

Predicting the economic costs and property value losses attributed to sudden oak death damage in California (2010–2020)

By CostBenefit on Feb 6, 2011 | In General, Land, Real Estate Construction Housing, Academic Study/Journal Article, Preservation & Open Space, Agriculture, Forestry and Food, California, Hedonic Analysis, Environmental Economics / Ecological Economics, Costs and Benefits, Invasive Species

Abstract: Phytophthora ramorum, cause of sudden oak death, is a quarantined, non-native, invasive forest pathogen resulting in substantial mortality in coastal live oak (Quercus agrifolia) and several other related tree species on the Pacific Coast of t… more »

The Value of Inherent Soil Characteristics: A Hedonic Analysis

By CostBenefit on Feb 2, 2011 | In General, Land, Academic Study/Journal Article, Agriculture, Forestry and Food, Australia, New Zealand, Hedonic Analysis, Environmental Economics / Ecological Economics, Costs and Benefits, Free Report at Time of Entry

Abstract: In an attempt to value soil natural capital, we use the inherent characteristics of soil and land valuation data to examine the relationship between soil characteristics and rural farmland values in the 6000ks2 Manawatu catchment in New Zealan… more »

Which hedonic models can we trust to recover the marginal willingness to pay for environmental amenities?

By CostBenefit on Jan 24, 2011 | In General, U.S., Real Estate Construction Housing, Academic Study/Journal Article, Hedonic Analysis, Environmental Economics / Ecological Economics

Abstract: The hedonic property value model is among our foremost tools for evaluating the economic consequences of policies that target the supply of local public goods, environmental services, and urban amenities. We design a theoretically consistent a… more »

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