Semiparametric hedonic price models: assessing the effects of agricultural nonpoint source pollution - INRAE - Institut national de recherche pour l’agriculture, l’alimentation et l’environnement
Article Dans Une Revue Journal of Applied Econometrics Année : 2008

Semiparametric hedonic price models: assessing the effects of agricultural nonpoint source pollution

Résumé

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.

Mots clés

Dates et versions

hal-02661292 , version 1 (30-05-2020)

Identifiants

Citer

Christophe Bontemps, Michel Simioni, Yves Surry. Semiparametric hedonic price models: assessing the effects of agricultural nonpoint source pollution. Journal of Applied Econometrics, 2008, 23 (6), pp.825-842. ⟨10.1002/jae.1022⟩. ⟨hal-02661292⟩
15 Consultations
0 Téléchargements

Altmetric

Partager

More