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Hedonic Pricing Approach on Pollution and Land Values in Selected Areas of Karur District in Tamilnadu

Issue Abstract

Abstract 
This paper mainly concentrates on the livelihood affordable conditions of living in the polluted areas and the people attribution against of pollution. To support the study researcher has also studied and analyzed the hedonic pricing method to assess the ten years government guideline value and present market value of the select type of land.  The market value of per square feet rate is normally higher than the government guideline value of select type of land in villages in Karur district and it is highly is decreased. Many villages nearby the factory zones are priced higher value and many remote villages are priced too low. Hence, there is no pollution impact on the price of the land value. Therefore, researcher has studied the impact of pollution and price of the land.  The demand level of the market price and supply of government guideline value are taken to the hedonic pricing method (HPM) and it is based on assumption. 
Keyword: Environmental quality, Hedonic pricing approach, Livelihood, Surrogate markets. 


Author Information
T.Muthuvijayan
Issue No
10
Volume No
3
Issue Publish Date
05 Oct 2017
Issue Pages
124-134

Issue References

References

1) Ridker, R.G., 1967, “Economic Costs of Air Pollution: Studies and Measurement”. Praeger, NewYork.  
2) Ridker, Ronald G., and John A Henning (1967) “The Determinants of Residential Property Values with Special Reference to Air Pollution”. The Review of Economics and Statistics 49:2, 246-57.  
3) Haripriya, Gundimeda and Vinish Kathuria,  (2004), Can Markets value Water scarcity and Quality: an analysis using Hedonic approach, Project report submitted to the South Asian Network for economic institutions, August
2004.  
4) Murhy, M, N, S. C. Gulati and A. Banerjee (2004), Hedonic Property Prices and valuation of Benefits from Reducing Urban Air Pollution in India. (revised paper) E/249/