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作者

来源

JOURNAL OF HOUSING ECONOMICS,Vol.44,P.74-87

语言

英文

关键字

Hedonic price analysis; Atmospheric pollution; Difference in difference; WILLINGNESS-TO-PAY; HEALTH; PRICES; POLLUTION; MORTALITY; MARKETS; MATTER

作者单位

[Lavaine, Emmanuelle] Univ Montpellier, CEE M, CNRS, INRA,Montpellier SupAgra, Montpellier, France. Lavaine, E (reprint author), Univ Montpellier, CEE M, CNRS, INRA,Montpellier SupAgra, Montpellier, France. E-Mail: emmanuelle.lavaine@umontpellier.fr

摘要

Most of the hedonic literature treats the housing market as a single geographical entity. We use a database with precise information on home characteristics at a property level to show that this is not always correct. We also exploit a refinery closure to address locational sorting and all other unobserved attributes. Refinery closure is associated with an approximately 1.5 mu g per cubic metre decrease in SO2 air pollution, and refinery closure leads to a 6.7% increase in property values with at least 5 rooms or a benefit of approximately 457 million for these households; however, it leads to 28% declines in property values in Dunkirk with one room or a loss of approximately 1 billion for these households.