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- Title
The Monetary Valuation of Environmental Externalities through the Analysis of Real Estate Prices.
- Authors
Del Giudice, Vincenzo; De Paola, Pierfrancesco; Manganelli, Benedetto; Forte, Fabiana
- Abstract
This paper proposes a theoretical model of evaluation of environmental externalities based on the analysis of real estate prices. This issue is included in regional planning policies which include activities and interventions that produce economic and non-economic effects. The monetary assessment of economic and non-economic effects can be expressed as a forecast (ex ante) and/or following (ex post) such activities and interventions. The assessment of the economic impact, with particular reference to interventions and infrastructure work, is widely based on procedures which make use of market prices. The proposed model was applied to an actual case, considering the effects of noise pollution, produced by traffic from the Naples Beltway, on residential property.
- Subjects
REAL property sales &; prices; REAL property &; the environment; ECONOMIC impact
- Publication
Sustainability (2071-1050), 2017, Vol 9, Issue 2, p229
- ISSN
2071-1050
- Publication type
Article
- DOI
10.3390/su9020229