Robert A. Simons () (Professor, Levin College of Urban Affairs, Cleveland State University, Cleveland, OH 44115) Jesse Saginor () (Assistant Professor, Department of Landscape Architecture & Urban Planning, Texas A&M University, College Station, TX) Aly H. Karam () (Senior Lecturer, Town Planning, the University of the Witwatersrand, Braamfontein 2017, Johannesburg, South Africa) Hlengani Baloyi () (Town Planning, the University of the Witwatersrand, Braamfontein 2017, Johannesburg, South Africa)
Abstract
This study reports the results of a contingent valuation (CV) survey that was carried out in Johannesburg, South Africa. Students at Wits University conducted more than 300 face-to-face interviews with Africans living and/or working in Soweto, an African township located on the outskirts of Johannesburg, and nearby areas. The questions they asked were designed to determine the perceptions of risk regarding airborne mine dust and radon, a naturally occurring gas, and the effect that these perceptions had on the valuation of residential properties impacted by these substances. A probit model was used to evaluate the determinants of bidder behavior, using respondent demographics and other characteristics as independent variables. Residential property discounts for potentially contaminated housing sites by marginal bidders at the top of the market varied from -24% to -50%. Research issues in developing countries were addressed. Contingent valuation results in South Africa were compared to published results in the United States.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Contact details of provider: Postal: Asia Real Estate Society, 51 Monroe Street, Plaza E-6, Rockville, MD 20850, USA Email: Web page: http://www.asres.org/
Order Information: Postal: Asian Real Estate Society, 51 Monroe Street, Plaza E-6, Rockville, MD 20850, USA Email: Web: http://www.asres.org/
For technical questions regarding this item, or to correct its listing, contact: (IRER Graduate Assistant/Webmaster).
Related research
Keywords:
Find related papers by JEL classification: L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services