MIHAESCU, OANA; HOFE, RAINER VOM - In: Journal of Environmental Assessment Policy and … 15 (2013) 01, pp. 1350008-1
This paper assesses the discount in property values due to proximity to brownfields using a spatial hedonic price model. Using two Bayesian hedonic pricing models, namely the spatial lag of X (SLX) model and the spatial Durbin error model (SDEM), this study identifies a significant decrease in...