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Ecological factors and the price of Moscow apartments

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Author Info

  • Katyshev, Pavel

    () (CEMI RAS, Moscow, Russia; New Economic School, Moscow, Russia)

  • Khakimova, Yulia

    () (Hearst Shkulev Media, Moscow, Russia)

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    Abstract

    The hedonic models for apartment prices in Moscow are considered. Besides the usual explanatory variables the ecological factors are included into the models. The significant influence of the carbon oxide concentration on the apartment prices is revealed as well as influence of the distance from a flat to a nearest enterprise. The concentrations of the nitric oxide and nitric dioxide do not effect to apartment pricing.

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    Bibliographic Info

    Article provided by Publishing House "SINERGIA PRESS" in its journal Applied Econometrics.

    Volume (Year): 28 (2012)
    Issue (Month): 4 ()
    Pages: 113-123

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    Handle: RePEc:ris:apltrx:0198

    Contact details of provider:
    Web page: http://appliedeconometrics.cemi.rssi.ru/

    Related research

    Keywords: hedonic models; apartment pricing; ecological factors;

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    1. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    2. Magnus, Jan & Peresetsky, Anatoly, 2010. "The price of Moscow apartments," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 17(1), pages 89-105.
    3. Катышев П.К. & Эйсмонт О.А., 2010. "Готовность Жителей Москвы Платить За Качество Окружающей Среды," Журнал Экономика и математические методы (ЭММ), Центральный Экономико-Математический Институт (ЦЭМИ), vol. 46(2), апреÐ.
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