Cities are growing worldwide and their sprawl is increasingly
challenged for its pressure on open spaces and environmental
quality. Economic arguments can help to decide about the trade-off
between preserving environmental quality and developing housing and
business surfaces, provided the benefits of environmental quality
are adequately quantified. To this end, this book focuses on the
use and advancement of the hedonic approach, an economic valuation
technique that analyses and quantifies the sources of rent and
property price differentials. Starting from theoretical
foundations, the hedonic approach is applied to the valuation of
natural land use preservation and noise abatement measures, as well
as to residential segregation and discrimination, extending the
analysis to the role of the buyers and sellers' identity on housing
market prices and to the issue of environmental justice.
General
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