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.
