Document Type

Article

Publication Date

2012

Publication Title

The Journal of Private Enterprise

Publisher

The Association of Private Enterprise Education

Abstract

This paper examines the joint production of golf and real estate development. The empirical results of this analysis show that, over time, golf courses are being constructed less for recreational golf and more for contractual assurance of green open space for homes. We believe that this fundamentally provides some evidence that the demand for environmental quality is growing and that markets are increasingly able to find creative contracting mechanisms to satisfy demands for public goods.

Comments

The content of this article is available under Creative Commons License Attribution-Noncommercial 3.0 Unported

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