Estimating the Demand for Air Quality: New Evidence Based on the Chicago Housing Market

Sudip Chattopadhyay

Land Economics, 1999, vol. 75, issue 1, 22-38

Abstract: This paper combines a new, large household-level data set with the two-stage hedonic- estimation technique to derive new estimates of willingness to pay (WTP) for reduced air pollution. The WTP estimates are found robust against functional-form specification. Marginal WTP estimates for a reduction in particulate matter (PM-10) are found to be quite comparable with some previous estimates. Benefits of nonmarginal changes exhibit consistently higher monetary returns in the case of PM-10 than in the case of SO2, signifying that households dislike particulate pollution more than they do sulfur.

JEL-codes: Q25 (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (87)

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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:75:y:1999:i:1:p:22-38

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