Hedonic Price Modelling of Environmental Attributes: A Review of the Literature and a Hong Kong Case Study
Chau, K. W., Yiu, C. Y., Wong, S. K., & Lai, L. W. C. (2003). Hedonic price modelling of environmental attributes: a review of the literature and a Hong Kong case study. Understanding and implementing sustainable development, 87-110.
24 Pages Posted: 15 Aug 2016
Date Written: December 12, 2002
(a) surveys leading works on hedonic pricing modelling of the impact of four main categories of environmental attributes (pollution and amenities) and the impact of zoning regulations on urban property values in western jurisdictions and in Hong Kong, as an example of a high-density high-rise urban system that characterises developing world urban morphology; and
(b) examines their relevance for a discussion of urban planning and development policies.
Keywords: air pollution, comprehensive development area (CDA), cultural attributes, environmental attributes, externality, hedonic price model, Hong Kong, land use, locational attributes, neighbourhood effects, property values, sustainable development, urban planning, view, zoning
JEL Classification: D02, D23, D62, Q52, Q53, R10, R14, R15
Suggested Citation: Suggested Citation