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MUSCOVITES' WILLINGNESS TO PAY FOR THE QUALITY OF ENVIRONMENT
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MUSCOVITES' WILLINGNESS TO PAY FOR THE QUALITY OF ENVIRONMENT
Annotation
PII
S042473880000616-6-1
Publication type
Article
Status
Published
Authors
Oleg Eismont  Pavel Katyshev
Edition
Volume 46 Issue 2
Pages
23-34
Abstract
The pollution of environment is a crucial problem of the modern cities, including Moscow. Environment projects need considerable investments. Efficiencies of these projects substantially depend on the inhabitants' willingness to pay for the improvement of the quality of environment. Thus the estimation of willingness to pay is of considerable interest. The hedonic models can be used to get the corresponding estimates. Using the hedonic approach the dependence of the price of marketable good (for example, flat) on its characteristics may be revealed. In the article the statistically significant estimates of Moscow citizens' willingness to pay for improving the quality of environment are obtained on the basis of hedonic model.
Keywords
environment pollution, ecological projects, quality of environment, Hedonistic models, Moscow citizens
Date of publication
01.04.2010
Number of purchasers
2
Views
787
Readers community rating
0.0 (0 votes)
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Additional sources and materials


 Braden J.D., Kolstad C.D. (1998): Measuring the Demand for Environmental Quality. Amsterdam: Elsevier Science B.V.
 Champ P.A., Boyle K.J., Brown T.C. (eds.) (2003): A Primer on Nonmarket Valuation. Dordrecht, Boston, London: Kluwer Academic Publishers.
 Rosen S. (1974): Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition // J. of Political Economy. Vol. 82.
 Shcherbich S.I. (1998): Environmental Amenities and the Rent Gradient in Moscow. Master's Thesis. Moscow: New Economic School.

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