Spatial Hedonic Approach to Assess the Impact of Swine Production on Residential Property Values

A spatial hedonic model is developed to assess monetary harm of confined animal feeding operations (CAFOs) on property values, taking explicitly into account spatial dependence in property values. Spatial autocorrelation was found in the form of spatial lag dependence, not spatial error dependence....

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Veröffentlicht in:	Environmental & resource economics 2009-04, Vol.42 (4), p.509-534
Hauptverfasser:	Kim, Jungik, Goldsmith, Peter
Format:	Artikel
Sprache:	eng
Schlagworte:	Agricultural production Air pollution CAFO Central business districts concentrated animal feeding operations Confined animal feeding operations Consumers Economic Policy Economics Economics and Finance Environmental Economics Environmental Law/Policy/Ecojustice Environmental Management Equilibrium Externality Factory farming Family income Farming Farms Hog farms Hogs Houses Housing Housing values Literature reviews Livestock Odor odors Pigs Prices Property Property rights Property values Real estate Real estate market Residential areas Space Spatial autocorrelation Spatial hedonics swine Swine production Utility functions
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