Environment hedonic price analysis: Evidence from Jilin city

Author

Zhang, Hongjing ; Zhang, Mucong

Author_Institution

Sch. of Econ. & Manage., Northeast Dianli Univ., Jilin, China

Volume

1

fYear

2010

fDate

June 29 2010-July 1 2010

Firstpage

354

Lastpage

356

Abstract

Hedonic price model is utilized to examine the effect of characteristics of houses on their prices. Environment characteristics of houses are focused on in this research. The empirical study on the housing market of Jilin in China reveals that the hedonic prices of Environmental Attributes- Air pollution and Adjacent to the river 2008 are higher than that of 1998. Meanwhile, the hedonic prices of Structural Attributes 2008 and Locational Attributes- Accessibility to CBD 2008 are less than that of 1998. That indicates that the development of economy has multiplied the desire for environment.

Keywords

air pollution; environmental management; pricing; real estate data processing; CBD 2008; China; Jilin City; air pollution; environment characteristics; environment hedonic price analysis; environmental attribute; housing market; locational attribute; river 2008; structural attributes 2008; Air pollution; Atmospheric modeling; Biological system modeling; Heating; adjacent to the river; air pollution; environment attribute; hedonic price model; housing price;

fLanguage

English

Publisher

ieee

Conference_Titel

Communication Systems, Networks and Applications (ICCSNA), 2010 Second International Conference on

Conference_Location

Hong Kong

Print_ISBN

978-1-4244-7475-2

Type

conf

DOI

10.1109/ICCSNA.2010.5588741

Filename

5588741