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作者

来源

JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS,Vol.56,Issue4,P.653-676

语言

英文

关键字

Hedonic analysis; Housing value; Land planning; Public planning; Spatial econometrics; Urban externalities; Wireless tower impacts; RESIDENTIAL PROPERTY-VALUES; PHONE TOWERS; IMPACT; PROXIMITY; PRICES

作者单位

[Affuso, Ermanno] Univ S Alabama, Mitchell Coll Business, Dept Econ & Finance, 5811 USA South Dr,Room 314, Mobile, AL 36688 USA. [Cummings, J. Reid] Univ S Alabama, Mitchell Coll Business, Dept Econ & Finance, 5811 USA South Dr,Room 126, Mobile, AL 36688 USA. [Le, Huubinh] Univ S Alabama, Mitchell Coll Business, Dept Econ & Finance, 5811 USA South Dr,Room 312, Mobile, AL 36688 USA. Affuso, E (reprint author), Univ S Alabama, Mitchell Coll Business, Dept Econ & Finance, 5811 USA South Dr,Room 314, Mobile, AL 36688 USA. E-Mail: eaffuso@southalabama.edu; cummings@southalabama.edu; hble@southalabama.edu

摘要

This is the first study to use an hedonic spatial autoregressive model to assess the impact of wireless communication towers on the value of residential properties. Using quantile analyses based on minimum distances between sold properties and visible and non-visible towers, we examine the relationship between property values and wireless tower proximity and visibility within various specified radii for homes sold after tower construction. For properties located within 0.72 kilometers of the closest tower, results reveal significant social welfare costs with values declining 2.46% on average, and up to 9.78% for homes within tower visibility range compared to homes outside tower visibility range; in aggregate, properties within the 0.72-kilometer band lose over $24 million dollars.