It is well known that production activities are often the cause of ecosystem disservices. Such disservices can have serious effects on urban real estate values. But how much is the contraction that the market values of housing suffer due to the polluting emissions produced by a medium-sized foundry? And how large is the urban area within which buildings are depreciated? With this research we intend to give an answer. To this aim, with specific regard to urban apartments free from contractual constraints, the use of multiple regression analysis makes it possible to obtain a function that explains the real estate value through multiple variables, one of which is representative of the ecosystem disservice. The study reveals that the urban area that suffers from the negative effects of polluting industrial activities on property prices can be extensive. On the other hand, the contractions of real estate values can even reach 43%. These results, for the first time expressed in quantitative terms, must direct towards urban planning interventions, and more generally of economic policy, aimed at minimizing the environmental impacts of production activities. This is not only for the essential obligations to protect environment and human health, but also in relation to the direct economic implications of the decrease in the value of real estate.

中文翻译：

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城市房地产价值与生态系统损害：基于回归分析的估计模型

众所周知，生产活动往往是生态系统破坏的原因。这种损害会对城市房地产价值产生严重影响。但是，中型铸造厂排放的污染性排放物对房屋市场价值的收缩有多大？建筑物折旧的市区面积有多大？通过这项研究，我们打算给出一个答案。为此，特别是对于不受合同约束的城市公寓，使用多元回归分析可以得到一个函数，通过多个变量来解释房地产价值，其中一个变量代表生态系统损害。研究表明，受污染性工业活动对房地产价格的负面影响的城市地区可能是广泛的。另一方面，房地产价值的收缩甚至可以达到43%。这些结果首次以数量形式表达，必须直接针对城市规划干预措施，以及更广泛的经济政策，旨在最大限度地减少生产活动对环境的影响。这不仅与保护环境和人类健康的基本义务有关，而且与房地产价值下降的直接经济影响有关。以及更普遍的经济政策，旨在最大限度地减少生产活动对环境的影响。这不仅与保护环境和人类健康的基本义务有关，而且与房地产价值下降的直接经济影响有关。以及更普遍的经济政策，旨在最大限度地减少生产活动对环境的影响。这不仅与保护环境和人类健康的基本义务有关，而且与房地产价值下降的直接经济影响有关。