التفاصيل البيبلوغرافية
| العنوان: |
Quantifying Welfare Impacts of Air Pollution in Seoul: A Two-Stage Hedonic Price Approach. |
| المؤلفون: |
Jun, Myung-Jin |
| المصدر: |
Journal of Environmental Assessment Policy & Management; Jun2018, Vol. 20 Issue 2, p-1, 25p |
| مصطلحات موضوعية: |
AIR quality, AIR pollution, STANDARDS, HEDONIC damages, ENVIRONMENTAL quality |
| مستخلص: |
This study aims to measure welfare loss due to the high pollution levels of PM10 and NO2 in the Seoul metropolitan area (SMA), Korea, which do not comply with the international standards, using spatial hedonic price models with apartment sales and air pollution data in 2010. The major findings were as follow: First, spatial hedonic model estimation reveals statistically significant negative signs for air pollution index for all submarkets, empirically presenting a trade-off between air pollution level and housing values. Second, the own-good quantity variable (air pollution index) has a statistically significant negative coefficient, indicating a diminishing marginal willingness to pay (MWTP) for additional level of the air pollution. Third, a worsening air quality brings about a substantial amount of welfare loss ($26.3 billion) among households residing in the SMA. [ABSTRACT FROM AUTHOR] |
|
Copyright of Journal of Environmental Assessment Policy & Management is the property of World Scientific Publishing Company and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) |
| قاعدة البيانات: |
Complementary Index |
