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Willingness to pay for clean air: Evidence from diesel vehicle registration restrictions in Japan

Nishitateno, Shuhei; Burke, Paul

Description

This paper documents the effect of diesel vehicle registration restrictions introduced in Japan in 2001 in reducing suspended particulate matter (SPM) concentrations. The focus is on Aichi and Mie prefectures, home to a number of municipalities that were required to implement these restrictions in 2001. The paper then uses this intervention to estimate the causal effect of air pollution on land values. We obtain estimates of the elasticity of residential land prices with respect to SPM...[Show more]

dc.contributor.authorNishitateno, Shuhei
dc.contributor.authorBurke, Paul
dc.date.accessioned2021-03-09T05:54:06Z
dc.identifier.citationNishitateno, Shuhei and Burke, Paul J. 2021. Willingness to pay for clean air: Evidence from diesel vehicle registration restrictions in Japan. Regional Science and Urban Economics 88, 103657.
dc.identifier.issn0166-0462
dc.identifier.urihttp://hdl.handle.net/1885/226067
dc.description.abstractThis paper documents the effect of diesel vehicle registration restrictions introduced in Japan in 2001 in reducing suspended particulate matter (SPM) concentrations. The focus is on Aichi and Mie prefectures, home to a number of municipalities that were required to implement these restrictions in 2001. The paper then uses this intervention to estimate the causal effect of air pollution on land values. We obtain estimates of the elasticity of residential land prices with respect to SPM concentration of between –0.4 and –1.0. The revealed willingness to pay for the improvements in air quality induced by the intervention in Aichi and Mie is estimated at about US$7 billion. We also find evidence that net in-migration appears to be a key mechanism via which clean air was capitalized into higher land values. The results are robust to a number of estimation approaches and sample restrictions.
dc.description.sponsorshipMinistry of Education, Culture, Sports, Science and Technology of Japan (20K01625)
dc.format.mimetypeapplication/pdf
dc.language.isoen_AU
dc.publisherElsevier
dc.rights© 2021 Elsevier B.V.
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.sourceRegional Science and Urban Economics
dc.subjectvehicle registration restrictions
dc.subjecturban air pollution
dc.subjecthedonic pricing
dc.titleWillingness to pay for clean air: Evidence from diesel vehicle registration restrictions in Japan
dc.typeJournal article
local.description.notesAn open-access version is available here:https://ccep.crawford.anu.edu.au/publication/ccep-working-paper/18381/willingness-pay-clean-air-evidence-diesel-vehicle-registration
local.identifier.citationvolume88
dcterms.dateAccepted2021-01-27
dc.date.issued2021-02-17
local.identifier.absfor140205 - Environment and Resource Economics
local.identifier.ariespublicationa383154xPUB17626
local.publisher.urlhttps://www.elsevier.com/en-au
local.type.statusAccepted Version
local.contributor.affiliationBurke, P. J., The Australian National University
local.bibliographicCitation.issue103657
local.bibliographicCitation.startpage1
local.bibliographicCitation.lastpage14
local.identifier.doi10.1016/j.regsciurbeco.2021.103657
local.identifier.absseo960106 - Urban and Industrial Air Quality
dcterms.accessRightsOpen Access
dc.provenancehttps://v2.sherpa.ac.uk/id/publication/15572..."The Accepted Version can be archived in Institutional Repository. 24 months embargo. CC BY-NC-ND" from SHERPA/RoMEO site (as at 9/03/2021).
dc.rights.licenseCC BY-NC-ND
CollectionsANU Research Publications

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