Impact Of Air Pollution On Property Values: A Hedonic Price Study
The main purpose of this study is the calculation of implicit prices of the environmental level of air quality in Yogyakarta on the basis of housing property prices. By means of Geographical Information System, the housing property prices characterized from the area which have highest air pollution...
Saved in:
| Main Author: | |
|---|---|
| Format: | UMS Journal (OJS) |
| Language: | eng |
| Published: |
Muhammadiyah University Press
2013
|
| Subjects: | |
| Online Access: | https://journals.ums.ac.id/index.php/JEP/article/view/150 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1805342418900353024 |
|---|---|
| author | Saptutyningsih, Endah |
| author_facet | Saptutyningsih, Endah |
| author_sort | Saptutyningsih, Endah |
| collection | OJS |
| description | The main purpose of this study is the calculation of implicit prices of the environmental level of air quality in Yogyakarta on the basis of housing property prices. By means of Geographical Information System, the housing property prices characterized from the area which have highest air pollution level in province of Yogyakarta. Carbon monoxide is used as the pollution variable. The methodological framework for estimation is based on a hedonic price model. This approach establishes a relationship between the price of a marketable good (e.g. housing) and the amenities and characteristics this good contains. Therefore, if variations in air pollution levels occur, then households would change their behavior in an economic way by offering more money for housing located in highly improved environmental areas. The hedonic regression results that the housing price decrease while increasing the level of air contamination such substance as carbon monoxide. |
| format | UMS Journal (OJS) |
| id | oai:ojs2.journals.ums.ac.id:article-150 |
| institution | Universitas Muhammadiyah Surakarta |
| language | eng |
| publishDate | 2013 |
| publisher | Muhammadiyah University Press |
| record_format | ojs |
| spelling | oai:ojs2.journals.ums.ac.id:article-150 Impact Of Air Pollution On Property Values: A Hedonic Price Study Saptutyningsih, Endah air pollution; hedonic price; property value; marginal willingness to pay curve Q53 The main purpose of this study is the calculation of implicit prices of the environmental level of air quality in Yogyakarta on the basis of housing property prices. By means of Geographical Information System, the housing property prices characterized from the area which have highest air pollution level in province of Yogyakarta. Carbon monoxide is used as the pollution variable. The methodological framework for estimation is based on a hedonic price model. This approach establishes a relationship between the price of a marketable good (e.g. housing) and the amenities and characteristics this good contains. Therefore, if variations in air pollution levels occur, then households would change their behavior in an economic way by offering more money for housing located in highly improved environmental areas. The hedonic regression results that the housing price decrease while increasing the level of air contamination such substance as carbon monoxide. Muhammadiyah University Press 2013-06-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://journals.ums.ac.id/index.php/JEP/article/view/150 10.23917/jep.v14i1.150 Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan; Vol 14, No 1 (2013): JEP Juni 2013; 52-65 2460-9331 1411-6081 eng https://journals.ums.ac.id/index.php/JEP/article/view/150/140 Copyright (c) 2015 Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan https://creativecommons.org/licenses/by/4.0 |
| spellingShingle | air pollution; hedonic price; property value; marginal willingness to pay curve Q53 Saptutyningsih, Endah Impact Of Air Pollution On Property Values: A Hedonic Price Study |
| title | Impact Of Air Pollution On Property Values: A Hedonic Price Study |
| title_full | Impact Of Air Pollution On Property Values: A Hedonic Price Study |
| title_fullStr | Impact Of Air Pollution On Property Values: A Hedonic Price Study |
| title_full_unstemmed | Impact Of Air Pollution On Property Values: A Hedonic Price Study |
| title_short | Impact Of Air Pollution On Property Values: A Hedonic Price Study |
| title_sort | impact of air pollution on property values a hedonic price study |
| topic | air pollution; hedonic price; property value; marginal willingness to pay curve Q53 |
| topic_facet | air pollution; hedonic price; property value; marginal willingness to pay curve Q53 |
| url | https://journals.ums.ac.id/index.php/JEP/article/view/150 |
| work_keys_str_mv | AT saptutyningsihendah impactofairpollutiononpropertyvaluesahedonicpricestudy |