Hedonic Price Functions for Zurich and Lugano with Special Focus on Electrosmog

Silvia Banfi (), Massimo Filippini and Andrea Horehájová ()
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Silvia Banfi: Center for Energy Policy and Economics CEPE, Department of Management, Technology and Economics, ETH Zurich, Switzerland
Andrea Horehájová: Center for Energy Policy and Economics CEPE, Department of Management, Technology and Economics, ETH Zurich, Switzerland

No 07-57, CEPE Working paper series from CEPE Center for Energy Policy and Economics, ETH Zurich

Abstract: This paper evaluates the impacts of electrosmog, noise and air pollution on the dwellings’ rents in the cities of Zurich and Lugano. The hedonic price regressions are estimated using a large micro-level data set and taking into account the spatial correlation in unobserved factors. The results suggest that the presence of mobile phone antenna has a negative impact on the rent, but this effect is not statistically significant in Lugano. In addition, PM10 density and the level of noise at night have a significant negative impact on the rent. Accounting for spatial correlation has little effect on the coefficient estimates.

Keywords: hedonic pricing; electrosmog; noise; air pollution (search for similar items in EconPapers)
JEL-codes: C21 Q2 R31 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2007-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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