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Ecological factors and the price of Moscow apartments

Author

Listed:
  • Katyshev, Pavel

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

  • Khakimova, Yulia

    (Hearst Shkulev Media, Moscow, Russia)

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.

Suggested Citation

  • Katyshev, Pavel & Khakimova, Yulia, 2012. "Ecological factors and the price of Moscow apartments," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 28(4), pages 113-123.
    • Handle: RePEc:ris:apltrx:0198
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    References listed on IDEAS

    as
    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, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 17(1), pages 89-105.
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    Cited by:

    1. Ozhegov, Evgeniy & Kosolapov, Nikita & Pozolotina, Iuliia, 2017. "On dependence between housing value and school characteristics," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 47, pages 28-48.
    2. Sidorovykh, Aleksandra, 2015. "Estimation of effects of transport accessibility on housing prices," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 37(1), pages 43-56.
    3. Bobrovskaya, Ekaterina & Polbin, Andrey, 2022. "Determinants of short-term rental prices in the sharing economy: The case of Airbnb in Moscow," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 65, pages 5-28.
    4. Ekaterina Bobrovskaya & Andrey Polbin & Nikita Fokin, 2024. "Hedonic Price Indices for Moscow Short-Term Rental Housing," Russian Journal of Money and Finance, Bank of Russia, vol. 83(1), pages 77-103, March.

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    More about this item

    Keywords

    hedonic models; apartment pricing; ecological factors;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation

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