This paper estimates the monetary value of cutting PM2.5, a dominant source of air pollution in China. By matching hedonic happiness in a nationally representative survey with daily air quality data according to exact dates and locations of interviews in China, we are able to estimate the...

This study employs the hedonic property price method to analyze the flood risk effect on a rich set of data. The analysis is carried out on Hungary, but as the control variables are extremely elaborated, our results have general importance. The paper finds a significant reduction in housing...

Greater South Dunedin (GSD) has been identified as one of the most vulnerable areas to Climate Change-Related Flooding Hazards (CCRFH) in New Zealand, yet little is known about the magnitude of how CCRFH will impact property values. We address this issue by proposing a novel modelling strategy...

Containment strategies for invasive species often require significant changes in behavior. Success in fostering these changes requires that individuals correctly perceive the costs and benefits. Yet, while both the ecological and aesthetic impacts of some invasive species are universally...

Our purpose is to examine the extent to which lakefront property owners view the invasive species zebra mussels and water milfoil as a dis-amenities. While both the ecological and aesthetic impacts of milfoil are universally negative, it less clear how property owners might view zebra mussel...

Coastal communities benefit from a diverse array of ecosystem services derived from spatial proximity to common property resources. We hypothesize that property market’s accrual of benefits from ecosystems are predictated not only on the configuration of the built environment that conveys...

Brownfields are properties for which redevelopment is hampered by known or suspected contamination and by concerns about associated liability. Because failing to redevelop brownfields may negatively affect welfare and the environment, a number of states have created voluntary programs to reduce...

This study estimates the impact of the non-aesthetic view and odor caused by Preemraff, a refinery on the Swedish west coast, on house values in the surrounding area. To carry out the analysis a spatial hedonic house price model was applied to transaction data for the period 1994 - 1996,...

Hedonic pricing models use property value differentials to value changes in environmental quality. If unmeasured quality attributes of residential properties are correlated with an environmental quality measure of interest, conventional methods for estimating implicit prices will be biased....