A review of the hedonic literatures in environmental amenities from open space: a traditional econometric vs. spatial econometric model

Sanglim Yoo and John E. Wagner

International Journal of Urban Sciences, 2016, vol. 20, issue 1, 141-166

Abstract: The purpose of this article is to provide a thorough review of the hedonic studies that investigate environmental amenity values of urban open spaces. Open space amenities have a unique feature than structural characteristics of residential properties; that is, an individual's preference for them may depend on their location relative to a residential property. Twenty-six empirical hedonic studies that estimate values of environmental amenities from open spaces published between 1995 and 2015 were reviewed. We paid special attention to the spatial hedonic literature that used spatial econometric methods to deal with the spatial effects which are common issues in hedonic studies. To our best knowledge, this study is the first study that devoted special attention to the hedonic studies on urban open space using spatial econometric methods.

Date: 2016
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DOI: 10.1080/12265934.2015.1137780

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