Hedonic Valuation of Odor Nuisance Using Field Measurements: A Case Study of an Animal Waste Processing Facility in Flanders
通过实地测量气味数据，研究佛兰德斯一家动物废弃物处理设施的气味对周边房价的影响，发现中等和严重气味滋扰分别导致房价下跌5%和12%。
In this paper we estimate the external cost caused by odor from an animal waste processing facility in Flanders, using new odor measures based on field measurements. We compare four ways of incorporating odor nuisance: distance to the source, distance zones, continuous odor measures, and odor zones. The odor zones approach seems best suited to estimate the external costs. We test these specifications for some 1,400 observations of house sales transaction between 2004 and 2008. Results show that houses subject to moderate and severe odor nuisance sell at a discount of 5% and 12%, respectively, compared to houses without nuisance. <i></i>