Ecological factors and the price of Moscow apartments
The hedonic models for apartment prices in Moscow are considered. Besides the usual explanatory variables the ecological factors are included into the models. The significant influence of the carbon oxide concentration on the apartment prices is revealed as well as influence of the distance from a flat to a nearest enterprise. The concentrations of the nitric oxide and nitric dioxide do not effect to apartment pricing.
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- Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
- Magnus, Jan & Peresetsky, Anatoly, 2010. "The price of Moscow apartments," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 17(1), pages 89-105.
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