caa a22 4500 445854685 CHVBK 20180317145424.0 cr unu---uuuuu 170323e20110701xx s 000 0 eng 10.1007/s10640-010-9441-y doi (NATIONALLICENCE)springer-10.1007/s10640-010-9441-y The Dynamic Response of Housing Values to a Forest Invasive Disease: Evidence from a Sudden Oak Death Infestation [Elektronische Daten] [Kent Kovacs, Thomas Holmes, Jeffrey Englin, Janice Alexander] "Sudden Oak Death” (Phytophthora ramorum) is a non-indigenous forest pathogen which causes substantial mortality of coast live oak (Quercus agrifolia) and several other oak tree species on the Pacific Coast of the United States. We estimated the time path of residential property values subject to oak mortality using a dataset that spans more than two decades—including a decade of transactions before-and-after the invasion. The findings suggest moderate, persistent property value discounts (3-6%) for homes located near infested oak woodlands subject to continuous post-invasion declines in forest health. The most severe discounts (8-15%) occurred where dying oaks were distributed both within residential neighborhoods and in nearby woodlands. Various hedonic modeling specifications were tested and compared to assess their ability to control for bias associated with unobserved spatial effects. Springer Science+Business Media B.V., 2010 Difference-in-differences nationallicence Spatial hedonic nationallicence Invasive diseases nationallicence Sudden oak death nationallicence Kovacs Kent Department of Applied Economics and the Institute on the Environment, University of Minnesota, 337d Ruttan Hall, 1994 Buford Avenue, 55108, St. Paul, MN, USA aut Holmes Thomas USDA Forest Service, Southern Research Station, Forestry Sciences Laboratory, P.O. Box 12254, 27709, Research Triangle Park, NC, USA aut Englin Jeffrey Department of Resource Economics, University of Nevada, 1664 North Virginia Street, 89557, Reno, NV, USA aut Alexander Janice University of California Cooperative Extension, 1682 Novato Blvd., Ste 150B, 94947-7018, Novato, CA, USA aut Environmental and Resource Economics Springer Netherlands 49/3(2011-07-01), 445-471 0924-6460 49:3<445 2011 49 10640 https://doi.org/10.1007/s10640-010-9441-y text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10640-010-9441-y text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Kovacs Kent Department of Applied Economics and the Institute on the Environment, University of Minnesota, 337d Ruttan Hall, 1994 Buford Avenue, 55108, St. Paul, MN, USA aut NATIONALLICENCE 700 1- Holmes Thomas USDA Forest Service, Southern Research Station, Forestry Sciences Laboratory, P.O. Box 12254, 27709, Research Triangle Park, NC, USA aut NATIONALLICENCE 700 1- Englin Jeffrey Department of Resource Economics, University of Nevada, 1664 North Virginia Street, 89557, Reno, NV, USA aut NATIONALLICENCE 700 1- Alexander Janice University of California Cooperative Extension, 1682 Novato Blvd., Ste 150B, 94947-7018, Novato, CA, USA aut NATIONALLICENCE 773 0- Environmental and Resource Economics Springer Netherlands 49/3(2011-07-01), 445-471 0924-6460 49:3<445 2011 49 10640 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer