Measuring the welfare cost of air pollution in Shanghai: evidence from the housing market

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The purpose of this study is to quantify the marginal willingness to pay (MWTP) for clean air in China. We provide the first estimate of MWTP for clean air by implementing a hedonic method using housing price and air quality data from Shanghai. Our estimates imply that air pollution has a significant and negative impact on housing price. We also find that the willingness to pay for better air quality varies significantly across different income groups. This paper helps to deepen our understanding of the economic impacts of air pollution in emerging Asian metropolises where residents are suffering from the most severe respiratory health problems.
Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Issue Date
2018
Language
English
Article Type
Article
Keywords

IMPLICIT MARKETS; HEDONIC PRICES; QUALITY; MATTER; CHINA; PAY

Citation

JOURNAL OF ENVIRONMENTAL PLANNING AND MANAGEMENT, v.61, no.10, pp.1744 - 1757

ISSN
0964-0568
DOI
10.1080/09640568.2017.1371581
URI
http://hdl.handle.net/10203/244596
Appears in Collection
MT-Journal Papers(저널논문)
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