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Land and water values in Klamath County, Oregon : application of Hedonic Price Modeling

by James Heffner

Institution:	Oregon State University
Department:	Agricultural and Resource Economics
Degree:	MS
Year:	1999
Keywords:	Land use, Rural – Oregon – Klamath County – Econometric models
Posted:
Record ID:	1701612
Full text PDF:	http://hdl.handle.net/1957/19755

Abstract

The West is undergoing a period of change where water rights, range rights, and other attributes historically attached to land, are being reevaluated. To date, not all of these relationships have been hammered out or confirmed to exist. One such example of this is Klamath County, Oregon. Here we see the mitigation of reassigned water rights as it pertains to agricultural, Native American, and environmental users and applications. In order to determine these relationships with land values, if they exist, and the magnitude of them, some dollar figures must be assigned. This project applied the Hedonic Price Model to a set of county land sales in an attempt to effectively separate out these individual characteristics.