Caractéristiques hédoniques et changement environnemental : la couverture de l'autoroute A1
The aim of this report is to identify the possible effect of covering the highway A1 at Saint-Denis (near Paris) on housing prices. This covering induces a notable reduction of the noise nuisance and an improvement of the urban environment. In order to measure the effects from covering, we have used the hedonic price method. This approach consists of measuring the contribution of the different characteristics of a dwelling to its value. The covering of A1 is a new characteristic of the nearby dwellings. We have used two different strategies to account for the effects of covering on house prices. On the one hand, we need to assess that it is a new characteristic and not the variation of an existing one effecting house prices ; and, on the other hand, that this characteristic holds for all the dwellings in the area. The first measure of the global effect is determined by the use of dichotomous variables. This effect accounts for around 16 % of the average value of the flats in the area. The second strategy measures only phonic improvement determined by the reduction of the decibels of every flat. This is valued at between 7 % and 8 % for a flat in front of the covered highway and 4 % for a flat in the periphery of the highway. Even though here is a significant effect, the covering does not radically change the existing housing market. Classification JEL : D4, R31, R4 ou Q2.
Volume (Year): octobre (2003)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www.cairn.info/revue-d-economie-regionale-et-urbaine.htm|
When requesting a correction, please mention this item's handle: RePEc:cai:rerarc:reru_034_0597. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.