The Economics of Conservation Areas

Staff involved: Gabriel Ahlfeldt|, Nancy Holman|

Since 1960s, over 9800 conservation areas have been designated in England. These areas are designated on the grounds of an external value of society that requires protection. This research project investigates the costs and benefits that are associated with a location of a property in conservation areas in England, the political economy of the designation process as well as the value of attractive and distinctive urban design. To achieve these objectives we use an original combination of quantitative and qualitative methods including differences-in-differences, regression discontinuity designs, quantitative interviews as wells the textual analysis of interviews with local residents, conservation area officers, architects and real estate agents. Project has received funding from English Heritage and The Suntory and Toyota International Centres for Economics and Related Disciplines (STICERED).

 

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