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Full-Text Articles in Social and Behavioral Sciences
Mutual Economic Incentives For Urban Tree Canopy Restoration, Paul E. Thompson Jr.
Mutual Economic Incentives For Urban Tree Canopy Restoration, Paul E. Thompson Jr.
Undergraduate Economic Review
Potential alignment of economic incentives for tree canopy restoration are modeled using data from a 2015 Louisville Metro Government (KY) Urban Tree Canopy Assessment. The study revealed marked declines in urban canopy coverage from 2004-2012; accelerating losses are forecast through 2050. Tree coverage conveys substantial financial benefit to private property owners, primarily through increased property valuations. Benefits to local government may be derived from the corresponding increase in property tax assessments. A comprehensive cost-benefit analysis demonstrates the economic efficiency of tree purchase vouchers (issued by government to private property owners) as a potential contributing solution to urban canopy loss.
The Value Of Green Certification On Single-Family Houses In The Chicagoland Area, Raymond Bolton
The Value Of Green Certification On Single-Family Houses In The Chicagoland Area, Raymond Bolton
Honors Projects
In the United States, residential buildings alone account for 33% of energy consumption. Rising concerns about environmental impacts due to human consumption, as well as health concerns related to pollution have caused a higher demand for environmentally conscious houses. Homebuilders have responded by providing green certifications for houses, attesting to a building’s efficiency in various aspects, such as site design and energy and water consumption. Using Multiple Listing Services real estate data on zero- to five-year-old houses sold between 2010 and 2017 in the Chicagoland area, this study examines whether there is a price premium associated with qualifying for green …