Sebastian Borja-Urbano, F. Rodríguez-Espinosa, Marco Luna-Ludeña, T. Toulkeridis
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Valuing the Impact of Air Pollution in Urban Residence Using Hedonic Pricing and Geospatial Analysis, Evidence From Quito, Ecuador
Air pollution is one of the hazardous effects of urbanization. Hereby, one the most polluted cities in Ecuador is the Metropolitan District of Quito (DMQ). This study attempts to determine the marginal willingness to pay for a cleaner air in the DMQ using the impact of air pollutants on price properties. Spatial interpolation techniques visualized pollutant concentrations in the DMQ. Additionally, a hedonic price model estimated air pollution impact on properties. Results demonstrated hazard levels for at least three pollutants, being Particulate Matter PM2.5, Nitrogen Dioxide NO2, and Sulfur Dioxide SO2. Subsequently, the economic impact on the house market was statistically significant with a decrease in property value between 1.1% and 2.8%. These drop of value between 1,846.20 up to 4,984.74 US$ (United States Dollars) represents a substantial loss in property value for the DMQ and loss of revenues for the city.
期刊介绍:
Air, Soil & Water Research is an open access, peer reviewed international journal covering all areas of research into soil, air and water. The journal looks at each aspect individually, as well as how they interact, with each other and different components of the environment. This includes properties (including physical, chemical, biochemical and biological), analysis, microbiology, chemicals and pollution, consequences for plants and crops, soil hydrology, changes and consequences of change, social issues, and more. The journal welcomes readerships from all fields, but hopes to be particularly profitable to analytical and water chemists and geologists as well as chemical, environmental, petrochemical, water treatment, geophysics and geological engineers. The journal has a multi-disciplinary approach and includes research, results, theory, models, analysis, applications and reviews. Work in lab or field is applicable. Of particular interest are manuscripts relating to environmental concerns. Other possible topics include, but are not limited to: Properties and analysis covering all areas of research into soil, air and water individually as well as how they interact with each other and different components of the environment Soil hydrology and microbiology Changes and consequences of environmental change, chemicals and pollution.