污染信息公开与公众的回应——来自房地产市场的证据

The Disclosure of Pollution Information and the Public's Response——Evidence from the Housing Market

本文选取2009—2018年间中国20座城市5 000个住宅小区的交易数据,探讨污染信息公开对周围住宅小区房价的影响。结果发现污染信息披露后公众显著降低了对污染企业周边住宅的支付意愿,不同的污染类型对交易价格造成的影响有较大差异。进一步的机制分析表明由于污名效应的存在,公众对退出企业附近小区环境的支付意愿仍持续下降。本文扩展了污染信息公开而非环境质量本身如何影响市场支付意愿的研究,为政府评估污染信息公开效应提供了的证据。

Using the transaction data of 5000 sampled residential communities in 20 cities in China from 2009 to 2018,we explore the impact of disclosure of pollution information on housing prices.The results suggest that people's willingness to pay for houses surrounding the polluted firms has dropped significantly after disclosing pollution information.The mechanism analysis reveals that the stigma effects due to the disclosure of pollution information reduce the housing prices of surrounding residential communities.Our results also highlight the importance of pollution information disclosure to the public.