Economic assessment of odour emissions: an application of Hedonic Price Method
Environmental economics suggests a number of techniques to assess public goods. Such methods, surrogating traditional market mechanism, allow estimations of willingness to pay for improving environmental quality. In the case study proposed in this paper an hedonic price method is implemented to assess the benefits deriving by an improvement of environmental quality due to a reduction in odor emissions. In fact, odor impacts are usually the main pressure perceived by inhabitants living near sugar production plants (localized in Tuscany, in the current case study). The implementation of the hedonic price method allows to exhibit that this kind of externalities affect the real estate market in the nearby the area
|Date of creation:||Jul 2006|
|Date of revision:|
|Contact details of provider:|| Postal: Piazza S.Francesco,7 - 53100 Siena|
Web page: http://www.deps.unisi.it/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Abeles-Allison, Mark & Connor, Larry J., 1990. "An Analysis of Local Benefits and Costs of Michigan Hog Operations Experiencing Environmental Conflicts," Agricultural Economic Report Series 201396, Michigan State University, Department of Agricultural, Food, and Resource Economics.
- Holtman, Charles & Taff, Steven J. & Meyer, Aaron J. & Leitch, Jay A., 1996. "An Inquiry Into The Relationship Of Wetland Regulations And Property Values In Minnesota," Staff Papers 13816, University of Minnesota, Department of Applied Economics.
- 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..
- Alan A. Diener & R. Andrew Muller & A. Leslie Robb, 1997. "Willingness-to-Pay for Improved Air Quality in Hamilton-Wentworth: A Choice Experiment," Department of Economics Working Papers 1997-04, McMaster University.
- Raymond B. Palmquist & Fritz M. Roka & Tomislav Vukina, 1997.
"Hog Operations, Environmental Effects, and Residential Property Values,"
University of Wisconsin Press, vol. 73(1), pages 114-124.
- Raymond B. Palmquist & Fritz M. Roka & Tomislav Vukina, . "Hog Operations, Environmental Effects, and Residential Property Values," Working Paper Series 12, North Carolina State University, Department of Economics.
- Taff, Steven J. & Tiffany, Douglas G. & Weisberg, Sanford, 1996. "Measured Effects Of Feedlots On Residential Property Values In Minnesota: A Report To The Legislature," Staff Papers 14121, University of Minnesota, Department of Applied Economics.
- Lake, Mary Beth & Easter, K. William, 2002. "Hedonic Valuation Of Proximity To Natural Areas And Farmland In Dakota County, Minnesota," Staff Papers 13407, University of Minnesota, Department of Applied Economics.
When requesting a correction, please mention this item's handle: RePEc:usi:wpaper:485. 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: (Fabrizio Becatti)
If references are entirely missing, you can add them using this form.