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A Survey of House Price Hedonic Studies of the Impact of Environmental Externalities

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  • Melissa Boyle
  • Katherine Kiel

Abstract

This article reviews existing studies that have used the house price hedonic technique to estimate the prices that consumers are willing to pay for environmental goods such as air quality, water quality, and distance from toxic or potentially toxic sites. We examine whether the results obtained are consistent over the studies, if the estimated prices change over time and what role changes in information play in consumers' behavior. We also discuss what housing and neighborhood variables are included. Finally, we focus on those studies that have included more than one environmental good to see whether multiple measures yield different results.

Suggested Citation

  • Melissa Boyle & Katherine Kiel, 2001. "A Survey of House Price Hedonic Studies of the Impact of Environmental Externalities," Journal of Real Estate Literature, Taylor & Francis Journals, vol. 9(2), pages 117-144, January.
    • Handle: RePEc:taf:rjelxx:v:9:y:2001:i:2:p:117-144
    DOI: 10.1080/10835547.2001.12090098
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    Cited by:

    1. Shuchao Miao & Youshuai Feng, 2025. "The Impact of Housing Prices on an Individual’s Perception of Social Safety: Evidence from Urban China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 176(1), pages 107-132, January.
    2. Patrick J. Walsh & J. Walter Milon & David O. Scrogin, 2011. "The Spatial Extent of Water Quality Benefits in Urban Housing Markets," Land Economics, University of Wisconsin Press, vol. 87(4), pages 628-644.
    3. Bilgi Yilmaz, 2024. "Housing GANs: Deep Generation of Housing Market Data," Computational Economics, Springer;Society for Computational Economics, vol. 64(1), pages 579-594, July.
    4. Dennis Guignet & Rachel Northcutt & Patrick J. Walsh, 2015. "The Property Value Impacts of Groundwater Contamination: Agricultural Runoff and Private Wells," NCEE Working Paper Series 201505, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Nov 2015.
    5. Jenkins, Robin & Kopits, Elizabeth & Simpson, David, 2006. "Measuring the Social Benefits of EPA Land Cleanup and Reuse Programs," National Center for Environmental Economics-NCEE Working Papers 280849, United States Environmental Protection Agency (EPA).
    6. Taylor, Laura O. & Phaneuf, Daniel J. & Liu, Xiangping, 2016. "Disentangling Property Value Impacts of Environmental Contamination from Locally Undesirable Land Uses: Implications for Measuring Post-Cleanup Stigma," CEnREP Working Papers 264975, North Carolina State University, Department of Agricultural and Resource Economics.

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