The nature and impacts of environmental spillovers on housing prices: A spatial hedonic analysis
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Patrick J. Walsh & J. Walter Milon & David O. Scrogin, 2011.
"The Spatial Extent of Water Quality Benefits in Urban Housing Markets,"
Land Economics, University of Wisconsin Press, vol. 87(4), pages 628-644.
- Patrick Walsh & J. Walter Milon & David Scrogin, 2010. "The Spatial Extent of Water Quality Benefits in Urban Housing Markets," NCEE Working Paper Series 201002, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Mar 2010.
- Helen R. Neill & David M. Hassenzahl & Djeto D. Assane, 2007. "Estimating the Effect of Air Quality: Spatial versus Traditional Hedonic Price Models," Southern Economic Journal, John Wiley & Sons, vol. 73(4), pages 1088-1111, April.
- Johanna Choumert & Muriel Travers, 2010.
"La capitalisation immobilière des espaces verts dans la ville d'Angers. Une approche hédoniste,"
Revue économique, Presses de Sciences-Po, vol. 61(5), pages 821-836.
- Johanna Choumert & Muriel Travers, 2010. "La capitalisation immobilière des espaces verts dans la ville d'Angers. Une approche hédoniste," Post-Print halshs-00537601, HAL.
- Kathleen P. Bell & Nancy E. Bockstael, 2000. "Applying the Generalized-Moments Estimation Approach to Spatial Problems Involving Microlevel Data," The Review of Economics and Statistics, MIT Press, vol. 82(1), pages 72-82, February.
- Catherine Baumont, 2009.
"Spatial effects of urban public policies on housing values,"
Papers in Regional Science, Wiley Blackwell, vol. 88(2), pages 301-326, June.
- Catherine Baumont, 2009. "Spatial effects of urban public policies on housing values," Post-Print halshs-00579676, HAL.
- Luc Anselin & Julie Le Gallo, 2006.
"Interpolation of air quality measures in hedonic house price models : spatial aspects,"
Post-Print
hal-00485017, HAL.
- Julie Le Gallo & Luc Anselin, 2006. "Interpolation of air quality measures in hedonic house price models: spatial aspects," Post-Print hal-00401242, HAL.
- Kathleen P. Bell & Timothy J. Dalton, 2007.
"Spatial Economic Analysis in Data‐Rich Environments,"
Journal of Agricultural Economics, Wiley Blackwell, vol. 58(3), pages 487-501, September.
- Bell, Kathleen P. & Dalton, Timothy J., 2006. "Spatial Economic Analysis in Data-Rich Environments," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25241, International Association of Agricultural Economists.
- Jeffrey P. Cohen & Cletus C. Coughlin, 2008.
"Spatial Hedonic Models Of Airport Noise, Proximity, And Housing Prices,"
Journal of Regional Science, Wiley Blackwell, vol. 48(5), pages 859-878, December.
- Jeffrey P. Cohen & Cletus C. Coughlin, 2006. "Spatial hedonic models of airport noise, proximity, and housing prices," Working Papers 2006-026, Federal Reserve Bank of St. Louis.
- Anselin, Luc & Bera, Anil K. & Florax, Raymond & Yoon, Mann J., 1996. "Simple diagnostic tests for spatial dependence," Regional Science and Urban Economics, Elsevier, vol. 26(1), pages 77-104, February.
- Boxall, Peter C. & Chan, Wing H. & McMillan, Melville L., 2005. "The impact of oil and natural gas facilities on rural residential property values: a spatial hedonic analysis," Resource and Energy Economics, Elsevier, vol. 27(3), pages 248-269, October.
- Doss, Cheryl R. & Taff, Steven J., 1996. "The Influence Of Wetland Type And Wetland Proximity On Residential Property Values," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(01), pages 1-10, July.
- Daniel, Vanessa E. & Florax, Raymond J.G.M. & Rietveld, Piet, 2009.
"Flooding risk and housing values: An economic assessment of environmental hazard,"
Ecological Economics, Elsevier, vol. 69(2), pages 355-365, December.
- Daniel, Vanessa & Florax, Raymond J.G.M. & Rietveld, Piet, 2007. "Flooding Risk And Housing Values: An Economic Assessment Of Environmental Hazard," Working papers 7333, Purdue University, Department of Agricultural Economics.
- Vanessa E. Daniel & Raymond J.G.M. Florax & Piet Rietveld, 2007. "Flooding Risk And Housing Values: An Economic Assessment Of Environmental Hazard," Working Papers 07-02, Purdue University, College of Agriculture, Department of Agricultural Economics.
- Luc Anselin, 2003. "Spatial Externalities, Spatial Multipliers, And Spatial Econometrics," International Regional Science Review, , vol. 26(2), pages 153-166, April.
- Okmyung Bin & Ben Poulter & Christopher F. Dumas & John C. Whitehead, 2011. "Measuring The Impact Of Sea‐Level Rise On Coastal Real Estate: A Hedonic Property Model Approach," Journal of Regional Science, Wiley Blackwell, vol. 51(4), pages 751-767, October.
- Craig E. Landry & Paul Hindsley, 2011. "Valuing Beach Quality with Hedonic Property Models," Land Economics, University of Wisconsin Press, vol. 87(1), pages 92-108.
- Solmaria Halleck Vega & J. Paul Elhorst, 2015. "The Slx Model," Journal of Regional Science, Wiley Blackwell, vol. 55(3), pages 339-363, June.
- Yusuf, Arief Anshory & Resosudarmo, Budy P., 2009. "Does clean air matter in developing countries' megacities? A hedonic price analysis of the Jakarta housing market, Indonesia," Ecological Economics, Elsevier, vol. 68(5), pages 1398-1407, March.
- Laura O. Taylor, 2008. "Theoretical Foundations and Empirical Developments in Hedonic Modeling," Springer Books, in: Andrea Baranzini & José Ramirez & Caroline Schaerer & Philippe Thalmann (ed.), Hedonic Methods in Housing Markets, chapter 1, pages 15-37, Springer.
- Ma, Shan & Swinton, Scott M., 2011. "Valuation of ecosystem services from rural landscapes using agricultural land prices," Ecological Economics, Elsevier, vol. 70(9), pages 1649-1659, July.
- Brett Day & Ian Bateman & Iain Lake, 2007. "Beyond implicit prices: recovering theoretically consistent and transferable values for noise avoidance from a hedonic property price model," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(1), pages 211-232, May.
- Mueller, Julie M. & Loomis, John B., 2008. "Spatial Dependence in Hedonic Property Models: Do Different Corrections For Spatial Dependence Result in Economically Significant Differences in Estimated Implicit Prices?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 33(2), pages 1-20.
- Cho, Seong-Hoon & Roberts, Roland K. & Kim, Seung Gyu, 2011.
"Negative externalities on property values resulting from water impairment: The case of the Pigeon River Watershed,"
Ecological Economics, Elsevier, vol. 70(12), pages 2390-2399.
- Cho, Seong-Hoon & Roberts, Roland K. & Kim, Seung Gyu, 2011. "Negative Externalities on Property Values Resulting from Water Impairment: The Case of the Pigeon River Watershed," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103762, Agricultural and Applied Economics Association.
- J. Walter Milon & Jonathan Gressel & David Mulkey, 1984. "Hedonic Amenity Valuation and Functional Form Specification," Land Economics, University of Wisconsin Press, vol. 60(4), pages 378-387.
- Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
- Andrea Baranzini & José Ramirez & Caroline Schaerer & Philippe Thalmann (ed.), 2008. "Hedonic Methods in Housing Markets," Springer Books, Springer, number 978-0-387-76815-1, March.
- Jesús Mur & Ana Angulo, 2006. "The Spatial Durbin Model and the Common Factor Tests," Spatial Economic Analysis, Taylor & Francis Journals, vol. 1(2), pages 207-226.
- Brent L. Mahan & BStephen Polasky & Richard M. Adams, 2000. "Valuing Urban Wetlands: A Property Price Approach," Land Economics, University of Wisconsin Press, vol. 76(1), pages 100-113.
- Liv Osland, 2010. "An Application of Spatial Econometrics in Relation to Hedonic House Price Modelling," Journal of Real Estate Research, American Real Estate Society, vol. 32(3), pages 289-320.
- Peter C. Boxall, Wing H. Chan, and Melville L. McMillan, 2005. "The Impact of Oil and Natural Gas Facilities on Rural Residential Property," Working Papers eg0039, Wilfrid Laurier University, Department of Economics, revised 2005.
- J. Elhorst, 2010. "Applied Spatial Econometrics: Raising the Bar," Spatial Economic Analysis, Taylor & Francis Journals, vol. 5(1), pages 9-28.
- Jean Cavailhès & Thierry Brossard & Jean-Christophe Foltête & Mohamed Hilal & Daniel Joly & François-Pierre Tourneux & Céline Tritz & Pierre Wavresky, 2009. "GIS-Based Hedonic Pricing of Landscape," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 44(4), pages 571-590, December.
- Gema Fernandez-Aviles & Roman Minguez & Jose-Maria Montero, 2012. "Geostatistical Air Pollution Indexes in Spatial Hedonic Models: The case of Madrid, Spain," Journal of Real Estate Research, American Real Estate Society, vol. 34(2), pages 243-274.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Osseni, Abdel & Bareille, Francois & DUPRAZ, Pierre, 2018.
"Decoupling Values Of Agricultural Externalities According To Scale: A Spatial Hedonic Approach In Brittany,"
2018 Annual Meeting, August 5-7, Washington, D.C.
273998, Agricultural and Applied Economics Association.
- Abdel Fawaz Osseni & François Bareille & Pierre Dupraz, 2019. "Decoupling values of agricultural externalities according to scale: a spatial hedonic approach in brittany," Post-Print hal-02444445, HAL.
- Abdel Fawaz Osseni & François Bareille & Pierre Dupraz, 2019. "Decoupling values of agricultural externalities according to scale: a spatial hedonic approach in Brittany," Working Papers SMART 19-04, INRAE UMR SMART.
- Osseni, Abdel Fawaz & Bareille, François & Dupraz, Pierre, 2019. "Decoupling values of agricultural externalities according to scale: a spatial hedonic approach in Brittany," Working Papers 288368, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
- Abdel Fawaz Osseni & François Bareille & Pierre Dupraz, 2019. "Decoupling values of agricultural externalities according to scale: a spatial hedonic approach in Brittany," Working Papers hal-02154536, HAL.
- Tuffery, Laetitia, 2017. "The recreational services value of the nearby periurban forest versus the regional forest environment," Journal of Forest Economics, Elsevier, vol. 28(C), pages 33-41.
- Dupraz, P. & Osseni, A. & Bareille, F., 2018. "Assessing the direct and indirect impacts of breeding activities on residential values: a spatial hedonic approach in Brittany," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 276994, International Association of Agricultural Economists.
- vom Hofe, Rainer & Mihaescu, Oana & Boorn, Mary Lynne, 2017. "Do urban parks really benefit homeowners economically? Evidence from a spatial hedonic study of the Cincinnati park system," HUI Working Papers 122, HUI Research.
- Laetitia Tuffery, 2016. "The recreational services value of the nearest periurban forest versus the global forest environment," Documents de recherche 16-06, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Nepal, Mani & Rai, Rajesh K. & Khadayat, Madan S. & Somanathan, E., 2020. "Value of cleaner neighborhoods: Application of hedonic price model in low income context," World Development, Elsevier, vol. 131(C).
- Tapsuwan, Sorada & Polyakov, Maksym & Bark, Rosalind & Nolan, Martin, 2015. "Valuing the Barmah–Millewa Forest and in stream river flows: A spatial heteroskedasticity and autocorrelation consistent (SHAC) approach," Ecological Economics, Elsevier, vol. 110(C), pages 98-105.
- James R. Meldrum, 2016. "Floodplain Price Impacts by Property Type in Boulder County, Colorado: Condominiums Versus Standalone Properties," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(4), pages 725-750, August.
- Stephen Gibbons & Susana Mourato & Guilherme Resende, 2014.
"The Amenity Value of English Nature: A Hedonic Price Approach,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 57(2), pages 175-196, February.
- Steve Gibbons & Susana Mourato & Guilherme Resende, 2011. "The Amenity Value of English Nature: A Hedonic Price Approach," SERC Discussion Papers 0074, Centre for Economic Performance, LSE.
- Gibbons, Stephen & Mourato, Susana & Resende, Guilherme Mendes, 2014. "The amenity value of English nature: a hedonic price approach," LSE Research Online Documents on Economics 49375, London School of Economics and Political Science, LSE Library.
- Gibbons, Stephen & Mourato, Susana & Resende, Guilherme, 2011. "The amenity value of English nature: a hedonic price approach," LSE Research Online Documents on Economics 33594, London School of Economics and Political Science, LSE Library.
- Mueller, Julie M. & Loomis, John B., 2008. "Spatial Dependence in Hedonic Property Models: Do Different Corrections For Spatial Dependence Result in Economically Significant Differences in Estimated Implicit Prices?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 33(2), pages 1-20.
- Jeffrey P. Cohen & Robert G. Cromley & Kevin T. Banach, 2015. "Are Homes Near Water Bodies and Wetlands Worth More or Less? An Analysis of Housing Prices in One Connecticut Town," Growth and Change, Wiley Blackwell, vol. 46(1), pages 114-132, March.
- Macfarlane, Gregory S. & Garrow, Laurie A. & Moreno-Cruz, Juan, 2015. "Do Atlanta residents value MARTA? Selecting an autoregressive model to recover willingness to pay," Transportation Research Part A: Policy and Practice, Elsevier, vol. 78(C), pages 214-230.
- Dupraz, P. & Osseni, A. & Bareille, F., 2018. "Assessing the direct and indirect impacts of breeding activities on residential values: a spatial hedonic approach in Brittany," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 276994, International Association of Agricultural Economists.
- Todd H. Kuethe, 2012. "Spatial Fragmentation and the Value of Residential Housing," Land Economics, University of Wisconsin Press, vol. 88(1), pages 16-27.
- Céline Grislain-Letrémy & Arthur Katossky, 2013. "Les risques industriels et le prix des logements," Économie et Statistique, Programme National Persée, vol. 460(1), pages 79-106.
- Lucija Muehlenbachs & Elisheba Spiller & Christopher Timmins, 2015.
"The Housing Market Impacts of Shale Gas Development,"
American Economic Review, American Economic Association, vol. 105(12), pages 3633-3659, December.
- Muehlenbachs, Lucija & Spiller, Elisheba & Timmins, Christopher, "undated". "The Housing Market Impacts of Shale Gas Development," RFF Working Paper Series dp-13-39-rev, Resources for the Future.
- Lucija Muehlenbachs & Elisheba Spiller & Christopher Timmins, 2014. "The Housing Market Impacts of Shale Gas Development," NBER Working Papers 19796, National Bureau of Economic Research, Inc.
- Muehlenbachs, Lucia Anna & Spiller, Elisheba & Timmins, Christopher, 2013. "The Housing Market Impacts of Shale Gas Development," RFF Working Paper Series dp-13-39-rev2, Resources for the Future.
- Muehlenbachs, Lucija & Spiller, Elisheba & Timmins, Christopher, 2013. "The Housing Market Impacts of Shale Gas Development," RFF Working Paper Series dp-13-39, Resources for the Future.
- Liv Osland & Inge Thorsen, 2013. "Spatial Impacts, Local Labour Market Characteristics and Housing Prices," Urban Studies, Urban Studies Journal Limited, vol. 50(10), pages 2063-2083, August.
- José-María Montero & Román Mínguez & Gema Fernández-Avilés, 2018. "Housing price prediction: parametric versus semi-parametric spatial hedonic models," Journal of Geographical Systems, Springer, vol. 20(1), pages 27-55, January.
- Osseni, Abdel & Bareille, Francois & DUPRAZ, Pierre, 2018.
"Decoupling Values Of Agricultural Externalities According To Scale: A Spatial Hedonic Approach In Brittany,"
2018 Annual Meeting, August 5-7, Washington, D.C.
273998, Agricultural and Applied Economics Association.
- Abdel Fawaz Osseni & François Bareille & Pierre Dupraz, 2019. "Decoupling values of agricultural externalities according to scale: a spatial hedonic approach in Brittany," Working Papers SMART 19-04, INRAE UMR SMART.
- Osseni, Abdel Fawaz & Bareille, François & Dupraz, Pierre, 2019. "Decoupling values of agricultural externalities according to scale: a spatial hedonic approach in Brittany," Working Papers 288368, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
- Abdel Fawaz Osseni & François Bareille & Pierre Dupraz, 2019. "Decoupling values of agricultural externalities according to scale: a spatial hedonic approach in brittany," Post-Print hal-02444445, HAL.
- Abdel Fawaz Osseni & François Bareille & Pierre Dupraz, 2019. "Decoupling values of agricultural externalities according to scale: a spatial hedonic approach in Brittany," Working Papers hal-02154536, HAL.
- Liu, Sezhu & Hite, Diane, 2013. "Measuring the Effect of Green Space on Property Value: An Application of the Hedonic Spatial Quantile Regression," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 143045, Southern Agricultural Economics Association.
- 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).
- Olivier JOALLAND & Tina RAMBONILAZA, 2017. "Assessing the impact of renewable energy infrastructure on the “tourist value” in rural landscapes: a spatial hedonic approach," Cahiers du GREThA (2007-2019) 2017-10, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
- Lipscomb, Clifford & Wang, Yongsheng & Kilpatrick, Sarah J., 2012. "Unconvensional Shale Gas Development and Real Estate Valuation Issues," The Review of Regional Studies, Southern Regional Science Association, vol. 42(2), pages 161-175, Summer.
- Arnab Bhattacharjee & Eduardo Castro & João Marques, 2012.
"Spatial Interactions in Hedonic Pricing Models: The Urban Housing Market of Aveiro, Portugal,"
Spatial Economic Analysis, Taylor & Francis Journals, vol. 7(1), pages 133-167, March.
- Bhattacharjee, Arnab & de Castro, Eduardo Anselmo & Marques, João Lourenço, 2011. "Spatial Interactions in Hedonic Pricing Models: The Urban Housing Market of Aveiro, Portugal," SIRE Discussion Papers 2011-45, Scottish Institute for Research in Economics (SIRE).
- Arnab Bhattacharjee & Eduardo Anselmo de Castro & João Lourenço Marques, 2011. "Spatial Interactions in Hedonic Pricing Models: The Urban Housing Market of Aveiro, Portugal," Dundee Discussion Papers in Economics 253, Economic Studies, University of Dundee.
- Wolf, David & Klaiber, H. Allen & Gopalakrishnan, Sathya, 2022. "Beyond marginal: Estimating the demand for water quality," Resource and Energy Economics, Elsevier, vol. 68(C).
More about this item
Keywords
Environmental valuation; Direct and indirect effects; Spatial hedonic models; Spatial weight matrix; Spillovers;All these keywords.
JEL classification:
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-AGR-2016-03-10 (Agricultural Economics)
- NEP-ENV-2016-03-10 (Environmental Economics)
- NEP-GEO-2016-03-10 (Economic Geography)
- NEP-URE-2016-03-10 (Urban and Real Estate Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fae:wpaper:2016.04. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dorothée Charlier (email available below). General contact details of provider: https://edirc.repec.org/data/faereea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.