Environmental and Resource Economics

, Volume 3, Issue 4, pp 381–394

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

  • V. Kerry Smith
  • Ju Chin Huang
Article

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 

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Appendix A

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Copyright information

© Kluwer Academic Publishers 1993

Authors and Affiliations

  • V. Kerry Smith
    • 1
    • 2
  • Ju Chin Huang
    • 3
    • 4
  1. 1.Resource and Environmental Economics ProgramNorth Carolina State UniversityRaleighUSA
  2. 2.Resources for the FutureWashington, D.C.USA
  3. 3.Resource and Environmental Economics ProgramNorth Carolina State UniversityRaleighUSA
  4. 4.Dept. of EconomicsEast Carolina UniversityGreenvilleUSA

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