RAILWAY EXTERNALITIES AND RESIDENTIAL PROPERTY PRICES

This paper examines whether railway pollution is capitalized in residential property prices and derives an estimate of the economic costs of railway pollution. An empirical case study in London, Canada is presented. The evidence supports the hypothesis that railway externalitites are at least partially capitalized in residential property prices. The estimated discount in property prices offers a measure of economic costs of railway pollution in residential areas. This type of information should facilitate urban land use planning and the useful in the evaluation of urban railway relocation and noise abatement projects.

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  • Corporate Authors:

    University of Wisconsin Press

    Journals Department 129, Box 1379
    Madison, WI  United States  53701
  • Authors:
    • Poon, LCL
  • Publication Date: 1978-5

Media Info

  • Features: References; Tables;
  • Pagination: p. 218-227
  • Serial:
    • Land Economics
    • Volume: 54
    • Issue Number: 2
    • Publisher: University of Wisconsin Press
    • ISSN: 0023-7639

Subject/Index Terms

Filing Info

  • Accession Number: 00188449
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Apr 12 1979 12:00AM