[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v52y2015i13p2404-2424.html
   My bibliography  Save this article

The ex-ante impact of conflict over infrastructure settings on residential property values: The case of Paris’s suburban zones

Author

Listed:
  • Andre Torre

    (INRA, Agroparistech, Paris, France)

  • Vu Hai Pham

    (AgroSup Dijon, UMR Cesaer, France)

  • Arnaud Simon

    (University Dauphine, Paris, France)

Abstract
The presence of nearby public facilities has an impact on real-estate values; for this reason, the market may reasonably anticipate that public infrastructure projects will affect house prices. But undesirable and semi-desirable facility location choices may be contested by nearby residents, as they are a source of negative externalities or expectations. In Paris’s suburban zones, opposition to these infrastructures is frequent, and the official announcement of a project does not automatically mean it will be implemented. Through three case studies, we explore the way in which the expectation mechanism is affected by legal conflicts driven by nearby residents. We suppose that expectations depend on the probability that a given project will be realised. The variation is captured by a hedonic model. As conflicts amplify or reduce the certainty of the new facility’s arrival, market perceptions of the infrastructure vary.

Suggested Citation

  • Andre Torre & Vu Hai Pham & Arnaud Simon, 2015. "The ex-ante impact of conflict over infrastructure settings on residential property values: The case of Paris’s suburban zones," Urban Studies, Urban Studies Journal Limited, vol. 52(13), pages 2404-2424, October.
    • Handle: RePEc:sae:urbstu:v:52:y:2015:i:13:p:2404-2424
    DOI: 10.1177/0042098014546499
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0042098014546499
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0042098014546499?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Farber, Stephen, 1998. "Undesirable facilities and property values: a summary of empirical studies," Ecological Economics, Elsevier, vol. 24(1), pages 1-14, January.
    2. V. Smith & Ju Huang, 1993. "Hedonic models and air pollution: Twenty-five years and counting," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 3(4), pages 381-394, August.
    3. Luc Anselin & Raymond J. G. M. Florax, 1995. "Small Sample Properties of Tests for Spatial Dependence in Regression Models: Some Further Results," Advances in Spatial Science, in: Luc Anselin & Raymond J. G. M. Florax (ed.), New Directions in Spatial Econometrics, chapter 2, pages 21-74, Springer.
    4. Jon P. Nelson, 2004. "Meta-Analysis of Airport Noise and Hedonic Property Values," Journal of Transport Economics and Policy, University of Bath, vol. 38(1), pages 1-27, January.
    5. Francois Des Rosiers, 2002. "Power Lines, Visual Encumbrance and House Values: A Microspatial Approach to Impact Measurement," Journal of Real Estate Research, American Real Estate Society, vol. 23(3), pages 275-302.
    6. repec:dau:papers:123456789/12867 is not listed on IDEAS
    7. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    8. Ted Gayer & James T. Hamilton & W. Kip Viscusi, 2002. "The Market Value of Reducing Cancer Risk: Hedonic Housing Prices with Changing Information," Southern Economic Journal, John Wiley & Sons, vol. 69(2), pages 266-289, October.
    9. Lionel Vedrine, 2012. "Allocation of European structural funds and strategic interactions: is there a yardstick competition between regions in the public aid for development?," Post-Print hal-02803597, HAL.
    10. Bernard Fingleton & Julie Le Gallo, 2008. "Estimating spatial models with endogenous variables, a spatial lag and spatially dependent disturbances: Finite sample properties," Papers in Regional Science, Wiley Blackwell, vol. 87(3), pages 319-339, August.
    11. Kent Messer & William Schulze & Katherine Hackett & Trudy Cameron & Gary McClelland, 2006. "Can Stigma Explain Large Property Value Losses? The Psychology and Economics of Superfund," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 33(3), pages 299-324, March.
    12. Julie Le Gallo & Bernard Fingleton, 2008. "Estimating spatial models with endogenous variables, a spatial lag and spatially dependent disturbances : finite sample properties," Post-Print hal-00485035, HAL.
    13. repec:dau:papers:123456789/5499 is not listed on IDEAS
    14. Gerald E. Smolen & Gary Moore & Lawrence V. Conway, 1992. "Economic Effects of Hazardous Chemical and Proposed Radioactive Waste Landfills on Surrounding Real Estate Values," Journal of Real Estate Research, American Real Estate Society, vol. 7(3), pages 283-296.
    15. Kohlhase, Janet E., 1991. "The impact of toxic waste sites on housing values," Journal of Urban Economics, Elsevier, vol. 30(1), pages 1-26, July.
    16. Lionel Vedrine, 2012. "Allocation of European structural funds and strategic interactions: is there a yardstick competition between regions in the public aid for development?," Post-Print hal-02803676, HAL.
    17. Gwenaël Letombe & Bertrand Zuindeau, 2005. "Impact d'un établissement industriel polluant sur les valeurs immobilières de proximité : le cas de Metaleurop-Nord," Post-Print halshs-00200048, HAL.
    18. Gayer, Ted & Kip Viscusi, W., 2002. "Housing price responses to newspaper publicity of hazardous waste sites," Resource and Energy Economics, Elsevier, vol. 24(1-2), pages 33-51, February.
    19. Katherine Kiel & Melissa Boyle, 2001. "A Survey of House Price Hedonic Studies of the Impact of Environmental Externalities," Working Papers 0111, College of the Holy Cross, Department of Economics.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mahsa Mesgar & Diego Ramirez-Lovering & Mohamed El-Sioufi, 2021. "Tension, Conflict, and Negotiability of Land for Infrastructure Retrofit Practices in Informal Settlements," Land, MDPI, vol. 10(12), pages 1-15, November.
    2. Kleemann, Janina & Struve, Berenike & Spyra, Marcin, 2023. "Conflicts in urban peripheries in Europe," Land Use Policy, Elsevier, vol. 133(C).
    3. Habibullah Magsi & Andre Torr & Yansui Liu & M. Javed Sheikh, 2017. "Land Use Conflicts in the Developing Countries: Proximate Driving Forces and Preventive Measures," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 56(1), pages 19-30.
    4. Sabir, Muazzam & Sultan, Muhammad Saqib & Magsi, Habibullah & Bashir, Muhammad Khalid, 2024. "Socioeconomic implications of infrastructure development: Exploring the impacts of water infrastructure through stakeholders’ perceptions," World Development Perspectives, Elsevier, vol. 33(C).
    5. André Torre & Muazzam Sabir & Haï-Vu Pham, 2021. "Socioeconomic conflicts and land-use issues in context of infrastructural projects," Asia-Pacific Journal of Regional Science, Springer, vol. 5(1), pages 241-260, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:dau:papers:123456789/5658 is not listed on IDEAS
    2. Katherine Kiel, 2006. "Environmental Contamination and House Values," Working Papers 0601, College of the Holy Cross, Department of Economics.
    3. John Braden & Xia Feng & DooHwan Won, 2011. "Waste Sites and Property Values: A Meta-Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 50(2), pages 175-201, October.
    4. Pham, Hai-Vu, 2010. "La dimension conflictuelle des projets d’infrastructure : essais sur la décision publique, le contentieux et les prix immobiliers," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/5656 edited by Torre, André & Kirat, Thierry.
    5. Kiel, Katherine A. & Williams, Michael, 2007. "The impact of Superfund sites on local property values: Are all sites the same?," Journal of Urban Economics, Elsevier, vol. 61(1), pages 170-192, January.
    6. Zabel, Jeffrey E. & Guignet, Dennis, 2012. "A hedonic analysis of the impact of LUST sites on house prices," Resource and Energy Economics, Elsevier, vol. 34(4), pages 549-564.
    7. Benoît Chèze, 2007. "Une méta-analyse des études d’évaluation monétaire par la méthode des prix hédoniques du coût externe des installations de traitement des déchets," EconomiX Working Papers 2007-23, University of Paris Nanterre, EconomiX.
    8. Filippova, Olga & Sheng, Mingyue, 2020. "Impact of bus rapid transit on residential property prices in Auckland, New Zealand," Journal of Transport Geography, Elsevier, vol. 86(C).
    9. Kim, GwanSeon & Schieffer, Jack & Mark, Tyler, 2016. "Do Superfund Sites Affect Local Property Values? Evidence from a Spatial Hedonic Approach," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235835, Agricultural and Applied Economics Association.
    10. Phaneuf, Daniel J. & Liu, Xiangping, 2016. "Disentangling property value impacts of environmental contamination from locally undesirable land uses: Implications for measuring post-cleanup stigmaAuthor-Name: Taylor, Laura O," Journal of Urban Economics, Elsevier, vol. 93(C), pages 85-98.
    11. Brasington, David M. & Hite, Diane, 2005. "Demand for environmental quality: a spatial hedonic analysis," Regional Science and Urban Economics, Elsevier, vol. 35(1), pages 57-82, January.
    12. Dorothée Brécard & Rémy Le Boennec & Frédéric Salladarré, 2018. "Accessibility, local pollution and housing prices. Evidence from Nantes Métropole, France," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 500-501-5, pages 97-115.
    13. Robin R. Jenkins & Elizabeth Kopits & David Simpson, 2006. "Measuring the Social Benefits of EPA Land Cleanup and Reuse Programs," NCEE Working Paper Series 200603, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Sep 2006.
    14. Friso de Vor & Henri L.F. de Groot, 0000. "The Impact of Industrial Sites on Residential Property Values," Tinbergen Institute Discussion Papers 09-035/3, Tinbergen Institute.
    15. Marvin Schütt, 2021. "Systematic Variation in Waste Site Effects on Residential Property Values: A Meta-Regression Analysis and Benefit Transfer," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 78(3), pages 381-416, March.
    16. Pei-Ing Wu & Yi Chen & Je-Liang Liou, 2021. "Housing property along riverbanks in Taipei, Taiwan: a spatial quantile modelling of landscape benefits and flooding losses," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(2), pages 2404-2438, February.
    17. David M. Brasington & Diane Hite, 2005. "Demand for Environmental Quality: A Spatial Hedonic Approach," Departmental Working Papers 2005-08, Department of Economics, Louisiana State University.
    18. Atreya, Ajita & Susana, Ferreira, 2012. "Analysis of Spatial Variation in Flood Risk Perception," 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama 119738, Southern Agricultural Economics Association.
    19. Richard C. Ready, 2010. "Do Landfills Always Depress Nearby Property Values?," Journal of Real Estate Research, American Real Estate Society, vol. 32(3), pages 321-340.
    20. Heather Klemick & Charles Griffiths & Dennis Guignet & Patrick Walsh, 2018. "Improving Water Quality in an Iconic Estuary: An Internal Meta-analysis of Property Value Impacts Around the Chesapeake Bay," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(2), pages 265-292, February.
    21. Dean Gatzlaff & Kathleen McCullough & Lorilee Medders & Charles M. Nyce, 2018. "The Impact of Hurricane Mitigation Features and Inspection Information on House Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 57(4), pages 566-591, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:urbstu:v:52:y:2015:i:13:p:2404-2424. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.