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Willingness to pay for sustainable housing
Swedish National Road and Transport Research Institute, Society, environment and transport, Transport economics Stockholm.
KTH.
2011 (English)In: Journal of Housing research, ISSN 1052-7001, Vol. 20, no 1, 35-53 p.Article in journal (Refereed) Published
Abstract [en]

This paper analyzed the differences between house buyers when valuing environmental characteristics associated with the house. The theoretical framework used is based on hedonic modeling, but the second stage is estimated by assuming a translog utility function. This technique is used to estimate the non-marginal willingness to pay for environmental housing attributes and whether an environmentally aware household has a higher willingness to pay or not. The findings reveal that there is a positive willingness to pay for environmental attributes and it is higher for households who (state that they) are environmentally aware. These results may justify policy measures such as information campaigns.

Place, publisher, year, edition, pages
2011. Vol. 20, no 1, 35-53 p.
Keyword [en]
Dwelling, Environment protection, Sustainability
National Category
Economics
Research subject
SAB, Economics and finance
Identifiers
URN: urn:nbn:se:vti:diva-350OAI: oai:DiVA.org:vti-350DiVA: diva2:667006
Available from: 2013-11-25 Created: 2013-11-25 Last updated: 2014-04-29Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
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  • modern-language-association-8th-edition
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