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Hedonic models and air pollution: Twenty-five years and counting

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  • V. Smith
  • Ju Huang

Abstract

This paper reports a meta analysis of how effectively hedonic property models have detected the influence of air pollution on housing prices. Probit estimates are reported describing how data, model specification, and local property market conditions in cities represented in thirty-seven studies influence the ability of hedonic models to uncover negative, statistically significant relationships between housing prices and air pollution measures. Copyright Kluwer Academic Publishers 1993

Suggested Citation

  • V. Smith & Ju Huang, 1993. "Hedonic models and air pollution: Twenty-five years and counting," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 3(4), pages 381-394, August.
  • Handle: RePEc:kap:enreec:v:3:y:1993:i:4:p:381-394
    DOI: 10.1007/BF00418818
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    References listed on IDEAS

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    1. Shechter, M. & Kim, M., 1991. "Valuation of pollution abatement benefits: Direct and indirect measurement," Journal of Urban Economics, Elsevier, vol. 30(2), pages 133-151, September.
    2. McFadden, Daniel, 1974. "The measurement of urban travel demand," Journal of Public Economics, Elsevier, vol. 3(4), pages 303-328, November.
    3. David F. Hendry, 2013. "Econometric Modelling: The ‘Consumption Function’ In Retrospect," Scottish Journal of Political Economy, Scottish Economic Society, vol. 60(5), pages 495-522, November.
    4. Mordechai Shechter, 1991. "A comparative study of environmental amenity valuations," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 1(2), pages 129-155, June.
    5. 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.
    6. Nakamura, Alice Orcutt & Nakamura, Masao & Duleep, Harriet Orcutt, 1990. "Alternative approaches to model choice," Journal of Economic Behavior & Organization, Elsevier, vol. 14(1), pages 97-125, September.
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    Citations

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    Cited by:

    1. Katherine Kiel & Jennifer Bowen, 2002. "An Analysis of the Impact of Multiple Environmental Goods on House Prices," Working Papers 0201, College of the Holy Cross, Department of Economics.
    2. Nick Hanley & Douglas MacMillan, 2000. "Contingent Valuation Versus Choice Experiments: Estimating the Benefits of Environmentally Sensitive Areas in Scotland: Reply," Journal of Agricultural Economics, Wiley Blackwell, vol. 51(1), pages 129-132.
    3. V. Smith & Subhrendu Pattanayak, 2002. "Is Meta-Analysis a Noah's Ark for Non-Market Valuation?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 22(1), pages 271-296, June.
    4. Johan Eyckmans & Simon De Jaeger & Sandra Rousseau, 2013. "Hedonic Valuation of Odor Nuisance Using Field Measurements: A Case Study of an Animal Waste Processing Facility in Flanders," Land Economics, University of Wisconsin Press, vol. 89(1), pages 53-75.
    5. David E. Clark, 2005. "The Effects of Ignoring Train Whistle Bans on Residential Property Values," Working Papers and Research 0504, Marquette University, Center for Global and Economic Studies and Department of Economics.
    6. José-María Montero & Coro Chasco & Beatriz Larraz, 2010. "Building an environmental quality index for a big city: a spatial interpolation approach combined with a distance indicator," Journal of Geographical Systems, Springer, vol. 12(4), pages 435-459, December.
    7. repec:kap:enreec:v:69:y:2018:i:2:d:10.1007_s10640-016-0078-3 is not listed on IDEAS
    8. Katherine Kiel, 2006. "Environmental Contamination and House Values," Working Papers 0601, College of the Holy Cross, Department of Economics.

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    Keywords

    Hedonic models; air pollution; meta analysis;

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