Semiparametric hedonic price models : assessing the effects of agricultural nonpoint source pollution

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Semiparametric hedonic price models : assessing the effects of agricultural nonpoint source pollution

Author Info

Bontemps, C.
Simioni, M.
Surry, Y.

Abstract

In the area of environmental analysis using hedonic price models, we investigate the prerformance of various nonparametric and semiparametric specifications. The proposed model specifications are made up of two parts : a linear component for house characteristics and a non(semi) parametric component representing the nonlinear influence of environmental indications on house prices. We adopt a general-to-specific search procedure, based on recent specification tests comparing the proposed specifications with a fully nonparametric benchmark model, to select the best model specification. An application of these semiparametric models to rural districs indicates that pollution resulting from intensive livestock farming have a significant nonlinear impact on house prices. ...French Abstract : L'objectif de cet article est d'évaluer l'impact sur les prix des résidences de la pollution d'origine agricole en utilisant différentes spécifications semi paramétriques d'un modèle de prix hédoniques. Les spécifications proposées se décomposent en deux parties : une partie linéaire dans les caractéristiques des maisons et une partie non ou semi paramétrique capturant les effets non linéaires des indicateurs de pollution. Une application a un échantillon de ventes de résidences dans les communes rurales bretonnes montre que la pollution résultant de pratiques intensives dans l'élevage influe de façon significative et non linéaire sur les prix des maisons.

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Publisher Info
Paper provided by French Institute for Agronomy Research (INRA), Economics Laboratory in Toulouse (ESR Toulouse) in its series Economics Working Paper Archive (Toulouse) with number 200602.

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Length: 37 p.
Date of creation: 2006
Date of revision:
Handle: RePEc:rea:inrawp:200602

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Find related papers by JEL classification:
C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Semiparametric and Nonparametric Methods
R21 - Urban, Rural, and Regional Economics - - Household Analysis - - - Housing Demand
R32 - Urban, Rural, and Regional Economics - - Production Analysis and Firm Location - - - Other Production and Pricing Analysis
Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General

This paper has been announced in the following NEP Reports:

NEP-AGR-2007-01-13 (Agricultural Economics)
NEP-ALL-2007-01-13 (All new papers)
NEP-ENV-2007-01-13 (Environmental Economics)

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