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Valuation of Environmental Goods in Profit and Non-Profit Housing Sectors: Evidence from the Rental Market in the City of Zurich

Swiss Journal of Economics and Statistics volume 144, pages 631–654 (2008)Cite this article

Summary

This paper analyses the impact of electromagnetic pollution, noise and air pollution on the rent level for the aggregated and disaggregated market in the city of Zurich, Switzerland. Although there is no conclusive assessment about the health impacts of electromagnetic radiation people are nonetheless concerned about possible long term risks associated with the exposure. This risk perception may affect the price of dwellings located close to antenna. The regression results show that the environmental variables considered have the expected sign and are highly significant, with exception of the presence of an antenna and the air pollution for the non-profit submarket. However, the greatest part of the variation is explained by the structural variables.

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Authors and Affiliations

  1. Centre for Energy Policy and Economics (CEPE), Swiss Federal Institute of Technology, Zürich, Switzerland

    Silvia Banfi, Massimo Filippini & Andrea Horehájová

  2. Istituto di microeconomia e economia Pubblica, Università della Svizzera italiana, Lugano, Switzerland

    Massimo Filippini

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  1. Silvia Banfi
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  2. Massimo Filippini
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  3. Andrea Horehájová
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Additional information

Acknowledgements: The project on which this paper is based was supported by the Swiss Federal Office for the Environment (FOEN). The authors wish to thank to Mehdi Farsi, Martin Jakob and the editors for their thoughtful and useful comments. The views expressed in this paper are those of the authors. Any remaining errors and omissions are the responsibility of the authors.

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Open Access This article is distributed under the terms of the Creative Commons Attribution 2.0 International License ( https://creativecommons.org/licenses/by/2.0 ), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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Banfi, S., Filippini, M. & Horehájová, A. Valuation of Environmental Goods in Profit and Non-Profit Housing Sectors: Evidence from the Rental Market in the City of Zurich. Swiss J Economics Statistics 144, 631–654 (2008). https://doi.org/10.1007/BF03399269

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