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Hedonic Methods in Housing Markets: Pricing Environmental Amenities and Segregation

Hedonic Methods in Housing Markets: Pricing Environmental Amenities and Segregation

Hardcover

Business General

ISBN10: 0387768149
ISBN13: 9780387768144
Publisher: Springer Nature
Published: Aug 28 2008
Pages: 278
Weight: 1.15
Height: 0.90 Width: 6.20 Depth: 9.20
Language: English

Cities are growing worldwide and their sprawl is increasingly challenged for its pressure on open spaces and environmental quality. Economic arguments can help to decide about the trade-off between preserving environmental quality and developing housing and business surfaces, provided the benefits of environmental quality are adequately quantified. To this end, this book focuses on the use and advancement of the hedonic approach, an economic valuation technique that analyses and quantifies the sources of rent and property price differentials. Starting from theoretical foundations, the hedonic approach is applied to the valuation of natural land use preservation and noise abatement measures, as well as to residential segregation and discrimination, extending the analysis to the role of the buyers and sellers' identity on housing market prices and to the issue of environmental justice.

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Business General