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Valuing access to u...
Valuing access to urban greenspace using non-linear distance decay in hedonic property pricing
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- Łaszkiewicz, Edyta (författare)
- Uniwersytet Lodzki,University of Lodz
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- Heyman, Axel, 1985 (författare)
- Chalmers tekniska högskola,Chalmers University of Technology
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- Chen, Xianwen (författare)
- Inland Norway University of Applied Sciences,Norwegian Institute for Nature Research
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- Cimburova, Zofie (författare)
- Norwegian Institute for Nature Research
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- Nowell, Megan (författare)
- Norwegian Institute for Nature Research
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- Barton, David N. (författare)
- Norwegian Institute for Nature Research
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(creator_code:org_t)
- Elsevier BV, 2022
- 2022
- Engelska.
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Ingår i: Ecosystem Services. - : Elsevier BV. - 2212-0416. ; 53
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https://research.cha... (primary) (free)
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https://doi.org/10.1...
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https://doi.org/10.1...
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Abstract
Ämnesord
Stäng
- Modelling walking distance enables the observation of non-linearities in hedonic property pricing of accessibility to greenspace. We test a penalized spline spatial error model (PS-SEM), which has two distinctive features. First, the PS-SEM controls for the presence of a spatially autocorrelated error term. Second, the PS-SEM allows for continuous non-linear distance decay of the property price premium as a function of walking distance to greenspaces. As a result, compared with traditional spatial econometric methods, the PS-SEM has the advantage that data determines the functional form of the distance decay of the implicit price for greenspace accessibility. Our PS-SEM results from Oslo, Norway, suggest that the implicit price for greenspace access is highly non-linear in walking distance, with the functional form varying for different types of greenspaces. Our results caution against using simple linear distances and assumptions of log or stepwise buffer-based distance decay in property prices relative to pedestrian network distance to urban amenities. The observed heterogeneity in the implicit property prices for walking distance to greenspace also provides a general caution against using non-spatial hedonic pricing models when aggregating values of greenspace amenities for policy analysis or urban ecosystem accounting purposes.
Ämnesord
- NATURVETENSKAP -- Data- och informationsvetenskap -- Annan data- och informationsvetenskap (hsv//swe)
- NATURAL SCIENCES -- Computer and Information Sciences -- Other Computer and Information Science (hsv//eng)
- NATURVETENSKAP -- Matematik -- Sannolikhetsteori och statistik (hsv//swe)
- NATURAL SCIENCES -- Mathematics -- Probability Theory and Statistics (hsv//eng)
- TEKNIK OCH TEKNOLOGIER -- Elektroteknik och elektronik -- Reglerteknik (hsv//swe)
- ENGINEERING AND TECHNOLOGY -- Electrical Engineering, Electronic Engineering, Information Engineering -- Control Engineering (hsv//eng)
Nyckelord
- Urban planning
- Urban ecosystem accounting
- Hedonic pricing method (HPM)
- Urban ecosystem services valuation
- Penalized spline spatial error model (PS-SEM)
- Environmental justice
Publikations- och innehållstyp
- art (ämneskategori)
- ref (ämneskategori)
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