The willingness of households to pay for prevention against industrial risks can be revealed by real estate markets. By using very rich microdata, we study housing prices in the vicinity of hazardous industries near three important French cities. We show that the impact of hazardous plants on...

A multitude of complex factors may affect the dynamics of where people choose to live yet little analysis has been done on the determinants of residential choice. With the help of a large on-line survey, the present paper will try to unscramble the criteria of choice used by British citizens...

The Adirondack Park contains over 6 million acres and over 3000 lakes. Approximately 43% of the Park is publically owned and protected to remain “forever wild”. Despite regulatory measures aimed at protecting the natural resources of the Adirondacks, surface water quality is threatened by...

Purpose – This study aims to test whether energy performance effects single-family home sale prices. It also examines whether recommendations for supposedly cost-effective energy efficiency measures, by intervention category (construction, installation or operation/control technical measures),...

Purpose – This study aims to investigate the relationship between energy performance and property sale price in the Belfast housing market. How energy efficiency is contributes to sale price and thus appraisal value is of growing concern. The obligatory measurement of energy efficiency in...

Conventional hedonic analysis measures willingness to pay for attributes on the basis of marginal fixed costs. We argue that in many cases variable costs are also affected by these attributes and that this should be taken into account. We develop a simple model to show that the marginal...

Proximity to water is appreciated by households. Hedonic analyses that try to measure the value of this amenity are potentially biased by omitted variables as locations close to the water may be selected by households with higher incomes who construct more luxury houses. Since it is difficult to...

Although hundreds of thousands of organic products are traded on a daily basis, it is less known how imported organic products are evaluated by consumers in an importing country. The paper analyzes Japanese wine point of sale (POS) data to examine whether consumers differentiate between local...