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Estimating the Demand for Air Quality: New Evidence Based on the Chicago Housing Market
Abstract
This paper combines a new, large household-level data set with the two-stage hedonic- estimation technique to derive new estimates of willingness to pay (WTP) for reduced air pollution. The WTP estimates are found robust against functional-form specification. Marginal WTP estimates for a reduction in particulate matter (PM-10) are found to be quite comparable with some previous estimates. Benefits of nonmarginal changes exhibit consistently higher monetary returns in the case of PM-10 than in the case of SO2, signifying that households dislike particulate pollution more than they do sulfur.
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Citations
Cited by
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Gómez-Baggethun, E., & Barton, D. N. (2013) · Ecological Economics · doi:10.1016/j.ecolecon.2012.08.019 · Cited by 1,871
Valuing Air Quality Using the Life Satisfaction Approach
Luechinger, S. (2009) · The Economic Journal · doi:10.1111/j.1468-0297.2008.02241.x · Cited by 505
Gómez-Baggethun, E., Gren, Å., Barton, D. N., Langemeyer, J., McPhearson, T., O’Farrell, P., Andersson, E., Hamstead, Z., & Kremer, P. (2013) · Urbanization, Biodiversity and Ecosystem Services: Challenges and Opportunities · doi:10.1007/978-94-007-7088-1_11 · Cited by 497
Impacts of urban environmental elements on residential housing prices in Guangzhou (China)
Jim, C. Y., & Chen, W. Y. (2006) · Landscape and Urban Planning · doi:10.1016/j.landurbplan.2005.12.003 · Cited by 454
Czembrowski, P., & Kronenberg, J. (2016) · Landscape and Urban Planning · doi:10.1016/j.landurbplan.2015.10.005 · Cited by 266
Metadata
- Authors
- Chattopadhyay, S.
- Venue
- Land Economics
- Publisher
- University of Wisconsin Press
- Published
- 1999-02
- Volume
- 75
- Issue
- 1
- Pages
- 22
- ISSN
- 0023-7639 (ISSN-L)
- OpenAlex
- W1481664197
- Cited by
- 172
- References
- 0
- FWCI
- 9.59
- Type
- journal article
- Language
- en
- Open access
- closed
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- Chattopadhyay, S. (1999). Estimating the Demand for Air Quality: New Evidence Based on the Chicago Housing Market. Land Economics. https://doi.org/10.2307/3146991
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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.
