The demand for air quality: evidence from the housing market in Bogotá, Colombia.
Identifying a demand function for air quality is a key input to calculate welfare measurements of pollution abatement policies. We defined intra-urban housing submarkets to apply a Second Stage hedonic pricing model that allowed us to identify an inverse demand function for PM10 reductions in Bogotá...
| Publicado en: | Environment & Development Economics Vol. 23; no. 2; pp. 121 - 139 |
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| Autores principales: | , |
| Formato: | Artículo |
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Cambridge University Press
Apr2018
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=128340467&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 128340467 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 1355770X FZP jtl: Environment & Development Economics issn: 1355770X maglogo: N pubinfo: dt: Apr2018 vid: 23 iid: 2 pid: 15979 pub: Cambridge University Press artinfo: ui: 128340467 10.1017/S1355770X18000050 ppf: 121 ppct: 18 formats: tig: atl: The demand for air quality: evidence from the housing market in Bogotá, Colombia. aug: au: Carriazo, Fernando Gomez-Mahecha, John Alexander affil: Universidad del Rosario, Calle 12C No. 6-25 – Bogotá DC, Colombia Universidad de Los Andes, Bogotá, Colombia su: Housing market Air pollution Air quality & the environment sug: subj: Housing market Air pollution Air quality & the environment keyword: Bogotá EPA hedonic models housing markets Q51 Q53 R31 Bogotá EPA hedonic models housing markets Q51 Q53 R31 ab: Identifying a demand function for air quality is a key input to calculate welfare measurements of pollution abatement policies. We defined intra-urban housing submarkets to apply a Second Stage hedonic pricing model that allowed us to identify an inverse demand function for PM10 reductions in Bogotá. The monthly benefits of compliance with the U.S. Environmental Protection Agency standard (50 μg/m3 – annual average), and the far more stringent World Health Organization standard (20 μg/m3 – annual average) are valued at US$12.16 and US$189.64 per household, respectively. These values, in turn, represent about 1.35 per cent and 21.04 per cent of the average household income. The hedonic model applied hereby shows that intra-urban housing submarkets are suitable for the identification of a demand function to be used by policy makers interested in evaluating non-marginal benefits (costs) from air quality improvements (deterioration). pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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