Measuring the Value of U.S. National Parks Using Hedonic Property Value Models
研究通过房屋价格估算人们为靠近美国国家公园的支付意愿，发现不同公园的影响差异大，但部分效果可能源于其他市场因素。
<h3>Abstract</h3> The National Park Service (NPS) is expected to calculate the economic benefits of national parks for use when evaluating policy and management options of the parks (Loomis 2002). We estimate the marginal willingness to pay (MWTP) to live close to a national park that is capitalized into house prices for 18 national parks. We find that estimated effects can be significant and are heterogeneous across different types of parks. However, these effects can also be attributed to other factors in the housing market which brings the significance of these estimated impacts into question.