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Évaluation des bénéfices environnementaux par la méthode des prix hédonistes : une application au cas du littoral

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  • Muriel Travers
  • Abdelhak Nassiri
  • Gildas Appéré
  • François Bonnieux

Abstract

The hedonic-price methodis a major tool for assessing the value that households assignto the change in a natural amenity. Using transactions conductedin 2005 for coastal homes in western Brittany(France), we apply the methodto estimate the value that buyers assign to the oceanside location via their willingness to pay to be closer to the shore and to enjoy a better sea view. Our calculation takes into account problematic factors such as market segmentation and potential endogeneity of certain housing features. Our results indicate that coastal location influences property prices significantly and that the average willingness to pay to reduce the distance to the sea varies according to the initial distance.

Suggested Citation

  • Muriel Travers & Abdelhak Nassiri & Gildas Appéré & François Bonnieux, 2008. "Évaluation des bénéfices environnementaux par la méthode des prix hédonistes : une application au cas du littoral," Economie & Prévision, La Documentation Française, vol. 0(4), pages 47-62.
    • Handle: RePEc:cai:ecoldc:ecop_185_0047
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    1. Rémy Le Boennec & Julie Bulteau & Thierry Feuillet, 2022. "The role of commuter rail accessibility in the formation of residential land values: exploring spatial heterogeneity in peri-urban and remote areas," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(1), pages 163-186, August.
    2. C. Werey & A. Fure & F. Cherqui & D. Granger & C. Darribere, 2016. "Valuation of social costs connected to urban water management [Evaluation des coûts sociaux liés à la gestion des eaux urbaines]," Post-Print hal-01523886, HAL.
    3. Jeanne DACHARY-BERNARD & Sandrine LYSER & Frédéric GASCHET & Guillaume POUYANNE & Stéphane VIROL, 2011. "Real Estate and Land Values on the shoreline: a transaction-level analysis (In French)," Cahiers du GREThA (2007-2019) 2011-07, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    4. Muriel Travers & Gildas Appéré & Solène Larue, 2013. "Évaluation des aménités urbaines par la méthode des prix hédoniques : une application au cas de la ville d'Angers," Économie et Statistique, Programme National Persée, vol. 460(1), pages 145-163.
    5. Monique DANTAS & Frédéric GASCHET & Guillaume POUYANNE, 2010. "Regulatory zoning and coastal housing prices: a bayesian hedonic approach (In French)," Cahiers du GREThA (2007-2019) 2010-12, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).

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