The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Can Markets Value Air Quality? A Meta-Analysis of Hedonic Property Value Models
Abstract
This paper reports the results of a statistical summary of estimates of the marginal willingness to pay (MWTP) for reducing particulate matter from hedonic property value models developed between 1967 and 1988. Results using both ordinary least squares and minimum absolute deviation estimators suggest that market conditions and the procedures used to implement the hedonic models were important to the resulting MWTP estimates. The interquartile range for these estimated marginal values (measured as a change in asset prices) lies between zero and $98.52 (in 1982-84 dollars) for a one-unit reduction in total suspended particulates (in micrograms per cubic meter). The mean MWTP is nearly five times the median ($109.90 vs. $22.40), suggesting that outliers are important influences to any summary statistics for these estimates.
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Cites
An analysis of variance test for normality (complete samples)
SHAPIRO, S. S., & WILK, M. B. (1965) · Biometrika · doi:10.1093/biomet/52.3-4.591 · Cited by 23,480
Cited by
Global estimates of the value of ecosystems and their services in monetary units
de Groot, R., Brander, L., van der Ploeg, S., Costanza, R., Bernard, F., Braat, L., Christie, M., Crossman, N., Ghermandi, A., Hein, L., et al. (2012) · Ecosystem Services · doi:10.1016/j.ecoser.2012.07.005 · Cited by 2,578
Classifying and valuing ecosystem services for urban planning
Gómez-Baggethun, E., & Barton, D. N. (2013) · Ecological Economics · doi:10.1016/j.ecolecon.2012.08.019 · Cited by 1,871
Greenstone, M. (2002) · Journal of Political Economy · doi:10.1086/342808 · Cited by 1,122
Multinational Companies and Productivity Spillovers: A Meta‐Analysis
Gorg, H., & Strobl, E. (2001) · The Economic Journal · doi:10.1111/1468-0297.00669 · Cited by 1,039
Does Air Quality Matter? Evidence from the Housing Market
Chay, K. Y., & Greenstone, M. (2005) · Journal of Political Economy · doi:10.1086/427462 · Cited by 981
Metadata
- Authors
- Smith, V. K., & Huang, J.-C.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 1995-02
- Volume
- 103
- Issue
- 1
- Pages
- 209-227
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W2055891847
- Cited by
- 701
- References
- 1
- FWCI
- 36.84
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
