|کد مقاله||سال انتشار||مقاله انگلیسی||ترجمه فارسی||تعداد کلمات|
|145738||2018||16 صفحه PDF||سفارش دهید||12039 کلمه|
Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)
Journal : Ecological Economics, Volume 146, April 2018, Pages 706-721
We investigate the relationship between the sale prices of apartment buildings and ozone levels in Los Angeles. The hedonic estimation controls for the potential bias resulting from the endogeneity of air pollution measures. We find that renters' valuations for air quality are capitalized into the asset price of apartment buildings. For a 1% reduction in the 1990 ambient air pollution level, renters' annual marginal willingness to pay (MWTP) is estimated at $14 to $52 in constant 2010 dollars. These estimates are somewhat smaller than current MWTP estimates from the owner-occupied single family house literature.