Article

Environmental and Resource Economics

, Volume 3, Issue 4, pp 381-394

First online:

Hedonic models and air pollution: Twenty-five years and counting

  • V. Kerry SmithAffiliated withResource and Environmental Economics Program, North Carolina State UniversityResources for the Future
  • , Ju Chin HuangAffiliated withResource and Environmental Economics Program, North Carolina State UniversityDept. of Economics, East Carolina University

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Abstract

This paper reports a meta analysis of how effectively hedonic property models have detected the influence of air pollution on housing prices. Probit estimates are reported describing how data, model specification, and local property market conditions in cities represented in thirty-seven studies influence the ability of hedonic models to uncover negative, statistically significant relationships between housing prices and air pollution measures.

Key words

Hedonic models air pollution meta analysis