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The demand for air quality: evidence from the housing market in Bogota, Colombia

机译:空气质量需求:哥伦比亚波哥大住房市场的证据

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Identifying 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 Bogota. The monthly benefits of compliance with the U.S. Environmental Protection Agency standard (50 g/m(3) - annual average), and the far more stringent World Health Organization standard (20 g/m(3) - 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).
机译:确定空气质量需求函数是计算污染消除政策的福利度量的关键输入。我们定义了城市内住房子市场,以应用第二阶段享乐主义定价模型,该模型使我们能够确定波哥大PM10减排量的逆需求函数。符合美国环境保护局标准(50 g / m(3)-年平均)和更严格的世界卫生组织标准(20 g / m(3)-年平均)的每月收益以美国为单位每个家庭分别为12.16美元和189.64美元。这些价值分别占家庭平均收入的1.35%和21.04%。特此采用的享乐模型表明,城市内部住房子市场适合确定需求函数,供有兴趣评估空气质量改善(恶化)的非边际收益(成本)的决策者使用。

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