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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Ecological Economicsarrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
Ecological Economics
Article . 2016 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
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Integrating non-monetary and monetary valuation methods – SoftGIS and hedonic pricing

Authors: Piotr Czembrowski; Jakub Kronenberg; Michał Czepkiewicz;

Integrating non-monetary and monetary valuation methods – SoftGIS and hedonic pricing

Abstract

Abstract In order to address the increasing need for improved linkages between different value perspectives, we examine the possibility of integrating two valuation methods: the non-monetary softGIS and monetary hedonic pricing. We find them compatible and their output more comprehensive compared to traditional valuation based on one value perspective. The public participatory softGIS survey delivers information on the perception of urban green spaces, which we use as a criterion for dividing green space categories in a hedonic pricing model. We find that the perception expressed in the survey is generally consistent with the impact on property prices in the case of formal green spaces. However, it is inconsistent when it comes to informal ones: places identified as lacking well-maintained greenery exert a positive influence on property prices, while positively evaluated informal green spaces had no impact at all. We identify the latter as a typical trade-off between different value perspectives: informal green spaces are perceived differently following a monetary and a non-monetary approach.

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    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
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    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
Powered by OpenAIRE graph
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
53
Top 10%
Top 10%
Top 10%
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