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Willingness to pay for sustainable housing
Swedish National Road and Transport Research Institute, Stockholm, Sweden.ORCID iD: 0000-0002-1819-0805
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Banking and Finance, Cefin.ORCID iD: 0000-0002-9944-0510
2011 (English)In: Journal of Housing Research, ISSN 1052-7001, Vol. 20, no 1, p. 35-53Article 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
Informa UK Ltd , 2011. Vol. 20, no 1, p. 35-53
National Category
Economics
Identifiers
URN: urn:nbn:se:kth:diva-59601DOI: 10.1080/10835547.2011.12092034Scopus ID: 2-s2.0-84866857977OAI: oai:DiVA.org:kth-59601DiVA, id: diva2:475930
Note

QC 20120120

Available from: 2012-01-11 Created: 2012-01-11 Last updated: 2024-03-18Bibliographically approved

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Mandell, SvanteWilhelmsson, Mats

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