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A Survey of House Price Hedonic Studies of the Impact of Environmental Externalities

Katherine Kiel and Melissa Boyle (mboyle@holycross.edu)
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Melissa Boyle: Department of Economics, College of the Holy Cross

No 111, Working Papers from College of the Holy Cross, Department of Economics

Abstract: This article reviews existing studies that have used the house price hedonic technique to estimate the prices that consumers are willing to pay for environmental goods such as air quality, water quality, and distance from toxic or potentially toxic sites. We examine whether the results obtained are consistent over the studies, if the estimated prices change over time and what role changes in information play in consumers' behavior. We also discuss what housing and neighborhood variables are included. Finally, we focus on those studies that have included more than one environmental good to see whether multiple measures yield different results.

Pages: 28 pages
Date: 2001-12
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Citations: View citations in EconPapers (139)

Published in Journal of Real Estate Literature, Volume 9, Number 2, 2001, Pages 117-144.

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http://www.aresjournals.org/doi/abs/10.5555/reli.9.2.23u082061q53qpm3 (text/html)

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Persistent link: https://EconPapers.repec.org/RePEc:hcx:wpaper:0111

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