The benefits of visibility improvement: New evidence from the Los Angeles Metropolitan Area

被引：37

作者：

Beron, K ^{[1
]}

Murdoch, J

Thayer, M

机构：

[1] Univ Texas, Sch Social Sci, Richardson, TX 75083 USA

[2] San Diego State Univ, Dept Econ, San Diego, CA 92182 USA

来源：

JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS | 2001年 / 22卷 / 2-3期

基金：

美国国家科学基金会;

关键词：

visibility; hedonic prices; environmental valuation;

D O I：

10.1023/A:1007860017867

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This article examines the impact of a specific aspect of air quality-visibility, or the ability to clearly see distant objects-on housing values. Our analysis is based on a data set constructed by matching residential housing sales data from the Los Angeles Metropolitan Area for the period 1980 through 1995 with visibility and other air pollution data and other characteristics. We find that visibility differences are capitalized into housing values, producing a measurable hedonic price gradient. The time-series design facilitates an estimate of the demand for visibility that we use to calculate the benefits of changes in visual range.

引用

页码：319 / 337

页数：19

共 32 条

[1] A BAYESIAN-APPROACH TO ASSESSING THE ROBUSTNESS OF HEDONIC PROPERTY VALUE STUDIES [J].