V. Kerry Smith (1977) Residential location and environmental amenities a review of the evidence, Reg Studies 11, 47--61. The valuation of an improvement in environmental amenities has become an increasingly important problem. One of the most widely accepted methods for evaluating the effects of air quality changes is through estimated property value--air pollution relations. The purpose of this paper is to critically review the empirical evidence on the nature of this association. In addition, the appropriate interpretation of the estimates is considered. It is argued that the usefulness of the property value equations is based on the relative importance of violations of one or more of the assumptions underlying the residential location model which is the theoretical basis for the empirical equations. Before a final verdict on these models can be derived it will be necessary to examine, in detail, the full impact of such failures in the assumptions.
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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Publisher Info
Article provided by Taylor and Francis Journals in its journal Regional Studies.
Volume (Year): 11 (1977) Issue (Month): 1 (February) Pages: 47-61 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.: