新竹科學園區的設置增加了新竹地區的就業機會、活絡地方經濟等外部效益；但是另一方面也因園區的設置，誘發不同的外部成本，這些負面效應主要是污染問題、及因污染對園區附近住民造成的外部成本負擔。 本文經由住民意識調查，以了解住民對於隱含在科學園區的環境風險的認知程度，並且利用非市場估價法之特徵價格函數，計算這些環境風險的價值。因此，本文以新竹市設籍的住戶爲問卷調查對象，實證結果顯示：住民對科學園區設置所引發的環境風險認知以「工業廢水」最高，風險期望值爲0.4823。其次，在特徵價格函數型態選擇上，本文透過Box-Cox。函數轉換，並應用計量軟體來校估相關變數的係數，依最大概似函數法，在μ=1、λ=0.8441時，所建立的特徵價格模式對房價有最佳解釋能力；最後，在特徵屬性對房價的影響方面，屋齡、樓地板面積、房間數、廳數與距離，對房價有顯著影響；而距離對房價的影響如下：平均每增加一公里，房屋價格減少23.21萬元。

Due to the establishment of RsinChu Science Park, locating at HsinChu, there had happened two main external effects around HsinChu area, including external benefits such as increases of employment and stimulating local economy on one hand, and external cost incurred on the other hand. The purpose of this paper is to interpret the residence's environmental risk perception by ideology survey as well as to calculate such environmental risk value from Science Park by means of Hedonic price model. Therefore the empirical study of surveying on the residences of HsinChu City shows that the item whose environmental risk expected value is the highest one is "discharged waste water", which is in accordance with met-empirical perception Secondly, for the purpose of function type selection, with Box Cox Transformation, the optimal type of function of hedonic price model is under the situation whose μ=1、λ=0.8441 by Maximum Likelihood estimation Finally, attributes including age of dwelling, floor area, the room amounts, the living room amounts, and distance from Science Park have strong significance with housing price. The relationship between distance from Science Park and housing price is that 232.1 thousand dollars declines with one more kilometer distant from Science Park.