CAN MARKETS VALUE AIR-QUALITY - A METAANALYSIS OF HEDONIC PROPERTY VALUE MODELS
CAN MARKETS VALUE AIR-QUALITY - A METAANALYSIS OF HEDONIC PROPERTY VALUE MODELS
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DOI：
10.1086/261981
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发表时间：
1995-02-01
影响因子：
8.2
通讯作者：
HUANG, JC
中科院分区：
文献类型：
--
作者：
SMITH, VK;HUANG, JC
本文报告的结果的边际支付意愿（MWTP）减少颗粒物的享乐属性值模型在1967年和1988年之间开发的估计的统计摘要。使用普通最小二乘法和最小绝对偏差估计的结果表明，市场条件和程序用于实施享乐模型是重要的MWTP估计。总悬浮粒子减少一个单位（以微克每立方米计算），这些估计边际值（以资产价格变动计算）的四分位数范围介乎零至98.52元（以一九八二至八四年度美元计算）之间。平均MWTP几乎是中位数的五倍（109.90美元对22.40美元），这表明离群值对这些估计的任何汇总统计都有重要影响。
This paper reports the results of a statistical summary of estimates of the marginal willingness to pay (MWTP) for reducing particulate matter from hedonic property value models developed between 1967 and 1988. Results using both ordinary least squares and minimum absolute deviation estimators suggest that market conditions and the procedures used to implement the hedonic models were important to the resulting MWTP estimates. The interquartile range for these estimated marginal values (measured as a change in asset prices) lies between zero and $98.52 (in 1982-84 dollars) for a one-unit reduction in total suspended particulates (in micrograms per cubic meter). The mean MWTP is nearly five times the median ($109.90 vs. $22.40), suggesting that outliers are important influences to any summary statistics for these estimates.