Surry, Yves
- Institutionen för ekonomi, Sveriges lantbruksuniversitet
Sammanfattning
In the area of environmental analysis using hedonic price models, we investigate the performance of various nonparametric and semiparametric specifications. The proposed model specifications are made up of two parts: a linear component for house characteristics and a non-(semi)parametric component representing the nonlinear influence of environmental indicators on house prices. We adopt a general-to-specific search procedure, based on recent specification tests comparing the proposed specifications with a fully nonparametric benchmark model, to select the best model specification. An application of these semiparametric models to rural districts indicates that pollution resulting from intensive livestock farming has a significant nonlinear impact on house prices. Copyright (C) 2008 John Wiley & Sons, Ltd.
Nyckelord
Hedonic price models; semiparametric methods; agricultural pollution
Publicerad i
Journal of Applied Econometrics
2008, volym: 23, nummer: 6, sidor: 825-842
Utgivare: JOHN WILEY & SONS LTD
SLU författare
UKÄ forskningsämne
Jordbruksvetenskap
Miljö- och naturvårdsvetenskap
Publikationens identifierare
- DOI: https://doi.org/10.1002/jae.1022
Permanent länk till denna sida (URI)
https://res.slu.se/id/publ/19833