Värdet av Delsjöområdets naturreservat - en empirisk tillämpning av hedoniska prissättningsmetoden på småhus i östra Göteborg
Sammanfattning: Humans welfare depends not only on their consumption of goods based on their income, but also from the use of, for example, environmental services including recreation. These collective services are normally not appraised and therfore have a worth which can be difficult to estimate. Within the environmental economics several methods have arisen in order to calculate these services' value. This study aims to analyze the market-based hedonic pricing method and its practical application in value-assessment of said environmental assets. In order to execute the study, 601 houses in the Gothenburg area were observed in respect to their distance from the Delsjön Nature Reserve. The reserve was viewed as an environmental commodity here, as it serves to supply a variety of benefits to consumers visiting the area. Only the direct use of natural resources was assessed as a result. To produce this estimation, several regressive models were applied in a series of null hypotheses, which were then either used or discarded. Study results showed, for the most part, that a decreased distance from the Delsjön Nature Reserve affect the housing prices positively, ceteris paribus. Along with support from earlier studies, the analysis suggests that the produced results were improved by logarithms of the marginally declining variables. The method does allow for a certain error sensitivity, and the results should therefore be analyzed with some cautiousness but can nonetheless be used to give an approximation of an environmental assets’ value.
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