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- Publisher Website: 10.1016/j.jenvman.2020.110301
- Scopus: eid_2-s2.0-85079879371
- PMID: 32250785
- WOS: WOS:000527016200028
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Article: Willingness to pay for staying away from haze: Evidence from a quasi-natural experiment in Xi'an
Title | Willingness to pay for staying away from haze: Evidence from a quasi-natural experiment in Xi'an |
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Authors | |
Keywords | Air pollution Air quality Haze Housing price PSM-DID Willingness to pay |
Issue Date | 2020 |
Citation | Journal of Environmental Management, 2020, v. 262, article no. 110301 How to Cite? |
Abstract | Previous studies of the residents' willingness to pay (WTP) for air quality improvement are likely suffering various endogeneity biases. Exploiting the unique opportunity of a recent quasi-experiment operation of the world's first SFT (Smog Free Tower) in China's northwestern city Xi'an, this paper reliably calibrates local residents' WTP for less exposure to haze by analyzing the price responses of housings in the neighborhoods of SFT. The hedonic regression is applied in the DID (difference-in-difference) setting, with further assistances of the PSM (propensity score matching) method, quantile regression and placebo test. The regression results consistently suggest that housing price responded positively to the installment of the SFT, and the impact estimates are closely centered around 4%. The study also indicates high-priced housings response much more to the operation of the SFT than cheap-priced housings, suggesting uneven distribution of welfare gains of air quality improvement. A cost-benefit analysis of the SFT project indicates that the economic benefits of this project far outweigh the costs involved. The paper concludes with discussions of policy implications of this paper for environment governance. |
Persistent Identifier | http://hdl.handle.net/10722/333419 |
ISSN | 2023 Impact Factor: 8.0 2023 SCImago Journal Rankings: 1.771 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Lan, Feng | - |
dc.contributor.author | Lv, Jingzeng | - |
dc.contributor.author | Chen, Jie | - |
dc.contributor.author | Zhang, Xiaoling | - |
dc.contributor.author | Zhao, Zhuohui | - |
dc.contributor.author | Pui, David Y.H. | - |
dc.date.accessioned | 2023-10-06T05:19:14Z | - |
dc.date.available | 2023-10-06T05:19:14Z | - |
dc.date.issued | 2020 | - |
dc.identifier.citation | Journal of Environmental Management, 2020, v. 262, article no. 110301 | - |
dc.identifier.issn | 0301-4797 | - |
dc.identifier.uri | http://hdl.handle.net/10722/333419 | - |
dc.description.abstract | Previous studies of the residents' willingness to pay (WTP) for air quality improvement are likely suffering various endogeneity biases. Exploiting the unique opportunity of a recent quasi-experiment operation of the world's first SFT (Smog Free Tower) in China's northwestern city Xi'an, this paper reliably calibrates local residents' WTP for less exposure to haze by analyzing the price responses of housings in the neighborhoods of SFT. The hedonic regression is applied in the DID (difference-in-difference) setting, with further assistances of the PSM (propensity score matching) method, quantile regression and placebo test. The regression results consistently suggest that housing price responded positively to the installment of the SFT, and the impact estimates are closely centered around 4%. The study also indicates high-priced housings response much more to the operation of the SFT than cheap-priced housings, suggesting uneven distribution of welfare gains of air quality improvement. A cost-benefit analysis of the SFT project indicates that the economic benefits of this project far outweigh the costs involved. The paper concludes with discussions of policy implications of this paper for environment governance. | - |
dc.language | eng | - |
dc.relation.ispartof | Journal of Environmental Management | - |
dc.subject | Air pollution | - |
dc.subject | Air quality | - |
dc.subject | Haze | - |
dc.subject | Housing price | - |
dc.subject | PSM-DID | - |
dc.subject | Willingness to pay | - |
dc.title | Willingness to pay for staying away from haze: Evidence from a quasi-natural experiment in Xi'an | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1016/j.jenvman.2020.110301 | - |
dc.identifier.pmid | 32250785 | - |
dc.identifier.scopus | eid_2-s2.0-85079879371 | - |
dc.identifier.volume | 262 | - |
dc.identifier.spage | article no. 110301 | - |
dc.identifier.epage | article no. 110301 | - |
dc.identifier.eissn | 1095-8630 | - |
dc.identifier.isi | WOS:000527016200028 | - |