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...

Since January of 2005, 250 building projects in the City of Singapore have been awarded the Green Mark for energy efficiency and sustainability. This paper analyzes the private returns to these investments, evaluating the premium in asset values they command in the market. We analyse almost...

We propose a horizontal sorting model for evaluating the benefits of air quality regulation in small urban areas. Previous horizontal sorting models of air quality valuation, because they rely on Census public-use microdata, where the geographic unit of a house is defined by an area of 100,000...

Using a data set on housing sales transactions we explore the potential effect of the Fukushima disaster on housing prices in Sweden. In contrast to most earlier findings in other countries we do not find any disproportionate effect from the Fukushima disaster on housing prices in vicinity of...

The main aim of this paper is to assess whether there is a statistically significant environmental impact of cities within European countries. Second, starting from the estimated environmental impact of cities within European countries, the paper investigates whether cross-country variation can...

The Great Lakes and their tributaries make up the largest freshwater system on the planet, providing drinking water and recreational value to millions of people. Yet manufacturing plants have left a legacy of toxic pollutants in the region, creating the stigma of the "Rust Belt." In 1987, the...

The hedonic model of Rosen (1974) has become a workhorse for valuing the characteristics of differentiated products despite a number of well-documented econometric problems, including a source of endogeneity that has proven difficult to overcome. Here we outline a simple, likelihood-based...

French Abstract: Le prix des logements peut diminuer du fait de la proximité d'installations industrielles. Cet effet dépend de la perception du risque par les riverains et est donc potentiellement modifié par des événements changeant la perception du risque, tels que les plans de...

Many empirical studies in the fields of urban and environmental economics rely on the hedonic pricing framework as described by Rosen (1974). The present paper draws attention to two important elements that are not covered by this theory: relocation costs and uncertainty. A theoretical model is...

The range of benefits for humans and biodiversity conservation provided by urban green spaces (UGS) receives substantial attention in relation to urban planning and management. However, little is known about the value of nature in UGS. We developed a graphical measurement scale for the...