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The demand for air quality: Evidence from the housing market in Bogotá, Colombia

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dc.creatorCarriazo Osorio, Fernando
dc.creatorGomez-Mahecha, John Alexanderspa
dc.date.accessioned2020-05-26T00:06:56Z
dc.date.available2020-05-26T00:06:56Z
dc.date.created2018spa
dc.description.abstractIdentifying a demand function for air quality is a key input to calculate welfare measurements of pollution abatement policies. We defined intra-urban housing submarkets to apply a Second Stage hedonic pricing model that allowed us to identify an inverse demand function for PM10 reductions in Bogotá. The monthly benefits of compliance with the U.S. Environmental Protection Agency standard (50 ?g/m3-annual average), and the far more stringent World Health Organization standard (20 ?g/m3-annual average) are valued at US$12.16 and US$189.64 per household, respectively. These values, in turn, represent about 1.35 per cent and 21.04 per cent of the average household income. The hedonic model applied hereby shows that intra-urban housing submarkets are suitable for the identification of a demand function to be used by policy makers interested in evaluating non-marginal benefits (costs) from air quality improvements (deterioration). Copyright © Cambridge University Press 2018.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.1017/S1355770X18000050
dc.identifier.issn1355770X
dc.identifier.issn14694395
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/23945
dc.language.isoengspa
dc.publisherCambridge University Pressspa
dc.relation.citationEndPage138
dc.relation.citationIssueNo. 2
dc.relation.citationStartPage121
dc.relation.citationTitleEnvironment and Development Economics
dc.relation.citationVolumeVol. 23
dc.relation.ispartofEnvironment and Development Economics, ISSN:1355770X, 14694395, Vol.23, No.2 (2018); pp. 121-138spa
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85043302633&doi=10.1017%2fS1355770X18000050&partnerID=40&md5=bc34e7770391e9c11340afee2ef48f6fspa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordJel classifications q51spa
dc.subject.keywordQ53spa
dc.subject.keywordR31spa
dc.titleThe demand for air quality: Evidence from the housing market in Bogotá, Colombiaspa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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