Economic valuation of green spaces in Vienna

04.05.2007 - 19.12.2008
Auftragsforschungsprojekt
Green spaces show charactertistics of public goods, and so they are often not traded on a market. However, it is easy to find values connected to green spaces: space for recreation, townscape or ecological utilities. The main question of this study is: how much is green space worth? To answer this question, a set of methods is used to determine this value: hedonic price model based on real estate transactions, contingent valuation based on interviews of visitors, estimation of the travel costs the visitors take and an analysis of the implicit valuation the city-administration reveals by investing in widening or in contrast exposing green spaces for development of building land. Considering double counts, those determined values are added up to a total economic value. The findings of this research should be used by the administration of the city of Vienna to underpin the investments in creation of new and preservation of existing green spaces by accepting opportunity costs with economic arguments.

Personen

Projektleiter_in

Projektmitarbeiter_innen

Institut

Contract/collaboration

  • Magistrat der Stadt Wien, MA 18, Stadtentwicklung und Stadtplanung

Forschungsschwerpunkte

  • Beyond TUW-research focus: 100%

Schlagwörter

DeutschEnglisch
GrünraumGreen space
ökonomische Bewertungeconomic valuation
öffentliche Güterpublic goods
hedonisches Preismodellhedonic pricing model
Anreisekostenbezogene Bewertungcontingent valuation

Publikationen