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Air Pollution and Housing Values in Korea: A Hedonic Analysis with Long-range Transboundary Pollution as an Instrument |
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| Authors: | Nam Kyung-Min Ou Yifu Kim Euijune Zheng Siqi |
| Institution: | 1.Department of Urban Planning and Design, The University of Hong Kong, Pokfulam, Hong Kong SAR, China ;2.Department of Agricultural Economics and Rural Development, Seoul National University, Seoul, 08826, Korea ;3.Department of Urban Studies and Planning, Massachusetts Institute of Technology, Cambridge, MA, 02139, USA ; |
| Abstract: | Environmental and Resource Economics - We estimate the degree and scope of PM2.5-induced negative price shock in Korea’s local housing markets, taking a two-stage hedonic approach. For the... |
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