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Environmental Health And Choice Of Residence

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  • AMNON LEVY

Abstract

This paper analyses the relationships between the values and dispersion of residential properties and the environmental‐health quality of their locations. It constructs residents’ health‐adjusted lifetime‐utility function by combining satisfaction from consumption over the lifespan with risk to life from living in an environmentally unhealthy location. It employs this utility function to analyse willingness to pay for environmental‐health quality, choice of location and residential dispersion and its relationship with income distribution.

Suggested Citation

  • Amnon Levy, 2009. "Environmental Health And Choice Of Residence," Australian Economic Papers, Wiley Blackwell, vol. 48(1), pages 50-64, March.
    • Handle: RePEc:bla:ausecp:v:48:y:2009:i:1:p:50-64
    DOI: 10.1111/j.1467-8454.2009.00363.x
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    References listed on IDEAS

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    1. Jill J. McCluskey & Gordon C. Rausser, 2003. "Stigmatized Asset Value: Is It Temporary or Long-Term?," The Review of Economics and Statistics, MIT Press, vol. 85(2), pages 276-285, May.
    2. Kiel Katherine A. & McClain Katherine T., 1995. "House Prices during Siting Decision Stages: The Case of an Incinerator from Rumor through Operation," Journal of Environmental Economics and Management, Elsevier, vol. 28(2), pages 241-255, March.
    3. Kohlhase, Janet E., 1991. "The impact of toxic waste sites on housing values," Journal of Urban Economics, Elsevier, vol. 30(1), pages 1-26, July.
    4. McCluskey, Jill J. & Rausser, Gordon C., 2003. "Hazardous waste sites and housing appreciation rates," Journal of Environmental Economics and Management, Elsevier, vol. 45(2), pages 166-176, March.
    5. Michaels, R. Gregory & Smith, V. Kerry, 1990. "Market segmentation and valuing amenities with hedonic models: The case of hazardous waste sites," Journal of Urban Economics, Elsevier, vol. 28(2), pages 223-242, September.
    6. Kiel Katherine A. & McClain Katherine T., 1995. "The Effect of an Incinerator Siting on Housing Appreciation Rates," Journal of Urban Economics, Elsevier, vol. 37(3), pages 311-323, May.
    7. Freeman, A Myrick, III, 1979. " Hedonic Prices, Property Values and Measuring Environmental Benefits: A Survey of the Issues," Scandinavian Journal of Economics, Wiley Blackwell, vol. 81(2), pages 154-173.
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    Cited by:

    1. Levy, Amnon, 2008. "Ramsey with Environmental Awareness," Economics Working Papers wp08-07, School of Economics, University of Wollongong, NSW, Australia.

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