Semiparametric hedonic price models: assessing the effects of agricultural nonpoint source pollution
Fiche du document
2008
- handle: 10670/1.q2rnmo
- hal: hal-02661292
- doi: 10.1002/jae.1022
- PRODINRA: 24285
- WOS: 000260071100006
Ce document est lié à :
info:eu-repo/semantics/altIdentifier/doi/10.1002/jae.1022
Mots-clés
TEST STATISTIQUESujets proches
Contracts and specifications Contracts and specifications Pattern ModelCiter ce document
Christophe Bontemps et al., « Semiparametric hedonic price models: assessing the effects of agricultural nonpoint source pollution », HAL-SHS : économie et finance, ID : 10.1002/jae.1022
Métriques
Partage / Export
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.