The impact of hazardous industrial facilities on housing prices: A comparison of parametric and semiparametric hedonic price models

Grislain-Letrémy, Céline; Katossky, Arthur

dc.contributor.author	Grislain-Letrémy, Céline
dc.contributor.author	Katossky, Arthur
dc.date.accessioned	2014-12-03T13:28:43Z
dc.date.available	2014-12-03T13:28:43Z
dc.date.issued	2014-11
dc.identifier.uri	https://basepub.dauphine.fr/handle/123456789/14350
dc.language.iso	en	en
dc.subject	Hedonic analysis	en
dc.subject	Conditionally parametric regression	en
dc.subject	Urban housing markets	en
dc.subject	Industrial risk	en
dc.subject.ddc	333	en
dc.subject.classificationjel	C21	en
dc.subject.classificationjel	Q51	en
dc.subject.classificationjel	R52	en
dc.subject.classificationjel	R21	en
dc.title	The impact of hazardous industrial facilities on housing prices: A comparison of parametric and semiparametric hedonic price models	en
dc.type	Article accepté pour publication ou publié
dc.contributor.editoruniversityother	Technical University of Denmark;Danemark
dc.description.abstracten	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.	en
dc.relation.isversionofjnlname	Regional Science and Urban Economics
dc.relation.isversionofjnlvol	49	en
dc.relation.isversionofjnldate	2014-11
dc.relation.isversionofjnlpages	93–107	en
dc.relation.isversionofdoi	http://dx.doi.org/10.1016/j.regsciurbeco.2014.09.002	en
dc.relation.isversionofjnlpublisher	Elsevier	en
dc.subject.ddclabel	Economie de la terre et des ressources naturelles	en
dc.relation.forthcoming	non	en
dc.relation.forthcomingprint	non	en

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The impact of hazardous industrial facilities on housing prices: A comparison of parametric and semiparametric hedonic price models

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