The impact of hazardous industrial facilities on housing prices: A comparison of parametric and semiparametric hedonic price models
The impact of hazardous industrial facilities on housing prices: A comparison of parametric and semiparametric hedonic price models
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DOI：
10.1016/j.regsciurbeco.2014.09.002
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发表时间：
2014-11-01
影响因子：
3.1
通讯作者：
Katossky, Arthur
中科院分区：
文献类型：
--
作者：
Grislain-Letremy, Celine;Katossky, Arthur
真实的房地产市场可以揭示家庭为防范工业风险而支付费用的意愿。通过使用非常丰富的微观数据，我们研究了法国三个重要城市附近危险行业的房价。我们发现，在这三个地区的危险植物对住房价值的影响有很大的不同，即使这些地区都围绕化学和石化工业。我们比较的结果，从标准的参数和更灵活的，半参数模型的享乐属性。我们发现，参数模型可能会在结构上导致重要的偏见，在估计值的影响，危险的植物对住房价值。(C)© 2014 Elsevier B.V.保留所有权利。
The willingness of households to pay for prevention against industrial risks can be revealed by real estate markets. By using very rich microdata, we study housing prices in the vicinity of hazardous industries near three important French cities. We show that the impact of hazardous plants on the housing values strongly differs among these three areas, even if the areas all surround chemical and petrochemical industries. We compare the results from both standard parametric and more flexible, semiparametric models of hedonic property. We show that the parametric model might structurally lead to important biases in the estimated value of the impact of hazardous plants on housing values. (C) 2014 Elsevier B.V. All rights reserved.