TRAFFIC EXTERNALITIES AND SINGLE‐FAMILY HOUSE PRICES*
首次用数据证实交通强度影响房价，通过享乐定价模型分析发现，社区内交通对独栋住宅价格有显著的负面效应，且影响大小因地点而异。
ABSTRACT. This study is the first to lend empirical support to the common belief that traffic intensity affects property values. Using a standard hedonic pricing model, this paper investigates the price effects on housing of traffic within a neighborhood. Results using data on single‐family housing transactions for two different locations in a medium‐sized city show a substantial negative price effect of traffic externalities. The magnitude of the effect is shown to be location specific.