Unbundling negative and positive externalities of nature in cities: The influence of wild animals on housing prices

Dani Broitman, Vladimir Griskin and Daniel Czamanski ()
Additional contact information
Vladimir Griskin: Faculty of Industrial Engineering and Management, Technion – Israel Institute of Technology, Israel

Urban Studies, 2019, vol. 56, issue 13, 2820-2836

Abstract: Proximity to nature is highly valued by urbanites, who demonstrate higher willingness to pay for housing at locations near open and green spaces. However, nature in cities can generate negative externalities as well. In this article, we illustrate the complex relationship between cities and nature and suggest that their balance is time and location specific. The article presents estimates of positive and negative externalities based on data about encounters of humans with wild animals in the city of Haifa, Israel, and residential property values nearby. The data were analysed to uncover spatial regularities and basic statistical relationships. The results reveal the presence of dominant positive externalities when the human–wild animals interaction is low, driven by proximity to open and green areas. However, in certain areas and under certain circumstances, the nuisance generated by higher probabilities of encounters with wild animals near dwelling areas is correlated with lower property prices, overcoming the positive externalities of location near natural areas.

Keywords: nature negative externalities; real estate value; wild animals in urban areas; 自然负外部性; 房地产价值; 城市地区的野生动物 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0042098018800576 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:56:y:2019:i:13:p:2820-2836

DOI: 10.1177/0042098018800576

Access Statistics for this article

More articles in Urban Studies from Urban Studies Journal Limited
Bibliographic data for series maintained by SAGE Publications ().