Proceeding of the 1st International Conference on Lifespan Innovation (ICLI 2025)

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Implicit Price of Air Pollution in Thailand: Evidence from Two-Stage Hedonic Pricing Model

Authors
Warawut Ruankham1, *, Rapipong Promnart2
1Sustainability and Entrepreneurship Research Center (SERC), Economics Major, School of Management, Mae Fah Luang University, Chiang Rai, Thailand
2School of Management, Mae Fah Luang University, Chiang Rai, Thailand
*Corresponding author. Email: Warawut.rua@mfu.ac.th
Corresponding Author
Warawut Ruankham
Available Online 31 August 2025.
DOI
10.2991/978-94-6463-831-8_4How to use a DOI?
Keywords
Air pollution; Hedonic Pricing Model; Housing prices
Abstract

Air pollution poses a major environmental and economic challenge in Thai-land, increasing health risks and lowering property values. While its health effects are well-documented, its impact on housing prices is less understood. This study uses a two-stage hedonic pricing model (HPM) and 2023–2024 housing survey data to estimate the marginal implicit price of pollution on home values. Results reveal that air quality significantly impacts property values, with the Southern and Northern regions exhibiting the highest sensitivity (THB 336,977 and THB 242,019 per AQI unit per household), respectively. By contrast, the Central region shows moderate responsiveness (THB 145,651), while the North-east demonstrates limited sensitivity (THB 26,200), indicating the need for alter-native policy measures. These findings highlight regional disparities in the valuation of environmental quality and underscore the importance of tailored air pollution control strategies.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceeding of the 1st International Conference on Lifespan Innovation (ICLI 2025)
Series
Advances in Health Sciences Research
Publication Date
31 August 2025
ISBN
978-94-6463-831-8
ISSN
2468-5739
DOI
10.2991/978-94-6463-831-8_4How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Warawut Ruankham
AU  - Rapipong Promnart
PY  - 2025
DA  - 2025/08/31
TI  - Implicit Price of Air Pollution in Thailand: Evidence from Two-Stage Hedonic Pricing Model
BT  - Proceeding of the 1st International Conference on Lifespan Innovation (ICLI 2025)
PB  - Atlantis Press
SP  - 23
EP  - 31
SN  - 2468-5739
UR  - https://doi.org/10.2991/978-94-6463-831-8_4
DO  - 10.2991/978-94-6463-831-8_4
ID  - Ruankham2025
ER  -