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Hedonic property prices and valuation of benefits from reducing urban air pollution in India

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Author Info
M.N. Murthy () (Instittue of Economic Growth)
S.C. Gulati () (Institute of Economic Growth)
A. Banerjee (Institute of Economic Growth)
Abstract

This paper provides estimates of benefits from controlling urban air pollution in the metropolitan areas of Delhi and Kolkata in India using hedonic property price method and the primary data collected from the household surveys. Estimates of hedonic property price function and the implicit marginal price or the household's marginal willingness to pay function for air quality are obtained first separately for each city and then by using the pooled data for both the cities. Also it provides estimates of aggregate consumer surplus benefits to the households of each city from reducing the air pollution concentration of say suspended particulate matter (SPM) from the current levels to the safe WHO or MINAS standards for India.

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Publisher Info
Paper provided by Institute of Economic Growth, Delhi, India in its series Institute of Economic Growth, Delhi Discussion Papers with number 61.

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Length: 27 pages
Date of creation: Jan 2003
Date of revision:
Handle: RePEc:ind:iegddp:61

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Related research
Keywords: hedonic property prices; urban air pollution; welfare gains;

Find related papers by JEL classification:
Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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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.:

  1. Myrick Freeman, A. III, 1974. "On estimating air pollution control benefits from land value studies," Journal of Environmental Economics and Management, Elsevier, vol. 1(1), pages 74-83, May. [Downloadable!] (restricted)
  2. Abelson, P. W. & Markandya, A., 1985. "The interpretation of capitalized hedonic prices in a dynamic environment," Journal of Environmental Economics and Management, Elsevier, vol. 12(3), pages 195-206, September. [Downloadable!] (restricted)
  3. Mitchell Polinsky, A. & Shavell, Steven, 1976. "Amenities and property values in a model of an urban area," Journal of Public Economics, Elsevier, vol. 5(1-2), pages 119-129. [Downloadable!] (restricted)
  4. Murdoch, James C. & Thayer, Mark A., 1988. "Hedonic price estimation of variable urban air quality," Journal of Environmental Economics and Management, Elsevier, vol. 15(2), pages 143-146, June. [Downloadable!] (restricted)
  5. Kanemoto, Yoshitsugu, 1988. "Hedonic Prices and the Benefits of Public Projects," Econometrica, Econometric Society, vol. 56(4), pages 981-89, July. [Downloadable!] (restricted)
  6. Nelson, Jon P., 1978. "Residential choice, hedonic prices, and the demand for urban air quality," Journal of Urban Economics, Elsevier, vol. 5(3), pages 357-369, July. [Downloadable!] (restricted)
  7. M.N. Murthy & S.C. Gulati & A. Banerjee, 2003. "Health benefits from urban air pollution abatement in the Indian subcontinent," Institute of Economic Growth, Delhi Discussion Papers 62, Institute of Economic Growth, Delhi, India. [Downloadable!]
  8. Anderson, Robert J, Jr & Crocker, Thomas D, 1972. "Air Pollution and Property Values: A Reply," The Review of Economics and Statistics, MIT Press, vol. 54(4), pages 470-73, November. [Downloadable!] (restricted)
  9. Katherine A. Kiel, 1995. "Measuring the Impact of the Discovery and Cleaning of Identified Hazardous Waste Sites on House Values," Land Economics, University of Wisconsin Press, vol. 71(4), pages 428-435. [Downloadable!] (restricted)
  10. Pines, David & Weiss, Yoram, 1976. "Land improvement projects and land values," Journal of Urban Economics, Elsevier, vol. 3(1), pages 1-13, January. [Downloadable!] (restricted)
  11. Freeman, A Myrick, III, 1974. "Air Pollution and Property Values: A Further Comment," The Review of Economics and Statistics, MIT Press, vol. 56(4), pages 554-56, November. [Downloadable!] (restricted)
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Cited by:
(explanations, 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.)

  1. Muhammad Irfan, 2007. "The Impact of Open Sewerage Smell on House Rent in Rawalpindi," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 46(4), pages 803-815. [Downloadable!]
  2. Montero, José María & Larraz, Beatriz & Chasco, Coro, 2008. "Building an Environmental Quality Index for a big city: a spatial interpolation approach with DP2," MPRA Paper 10736, University Library of Munich, Germany. [Downloadable!]
  3. M.N. Murthy & S.C. Gulati & A. Banerjee, 2003. "Health benefits from urban air pollution abatement in the Indian subcontinent," Institute of Economic Growth, Delhi Discussion Papers 62, Institute of Economic Growth, Delhi, India. [Downloadable!]
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