期刊
SPATIAL ECONOMIC ANALYSIS
卷 10, 期 3, 页码 317-343出版社
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/17421772.2015.1062127
关键词
Hedonic models; quantile regressions; spatial heterogeneity; air pollution; noise
类别
资金
- Spanish Ministry of Education and Science [ECO2012-36032-C03-01]
In this paper, we apply a hedonic housing price model to estimate the willingness to pay for less air pollution and noise in the city of Madrid. Using subjective data on the perception of air pollution and noise by the Madrid residents, we apply a quantile conditionally parametric model that allows one to quantify the heterogeneity of this willingness to pay values across quantiles of the conditional distributions of housing prices and their spatial heterogeneity across the whole study area. The results show that implicit prices for clean and quiet environment differ substantially across the housing markets, depending on the perceived intensity of pollution, accessibility to jobs and leisure, and some socioeconomic characteristics of the population. In particular, in some areas, households seem to make a trade-off between improvements in communication and some worsening in environmental conditions.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据