소각장 운영강도차이가 주변 아파트 가격에 미치는 영향

Abstract

It has been challenging tasks for urban administration to deal with the problems related to locally unwanted land uses. In many cases, these are public facilities, of which benefits are shared among all the residents. However, harmful effects tend to be concentrated within small areas, and hence accompanied by the resistance of nearby residents against the proposed sites. It has been often criticized as NIMBY phenomenon, but it might be viewed as a reasonable reaction to the negative externality. This research analyzes the impacts of incinerator siting on the housing value in the surrounding neighborhood using the hedonic price model. Specifically, this study examines if a higher operation level of incinerator induces a stronger level of a negative externality. The results show that closeness to the incinerator is a statistically significant factor to decrease house value. Furthermore, the larger capacity the incinerator has, the more negative effect the incinerator generates.