Does the Measurement of Environmental Quality Affect Implicit Prices Estimated from Hedonic Models?

Holly J. Michael · Kevin Boyle · Roy Bouchard

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Housing Market and Economics Agricultural Economics and Policy Economic and Environmental Valuation

Abstract

Holly J. Michael, Kevin J. Boyle, Roy Bouchard, Does the Measurement of Environmental Quality Affect Implicit Prices Estimated from Hedonic Models?, Land Economics, Vol. 76, No. 2 (May, 2000), pp. 283-298

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References

1974Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition 1976A New Approach to Consumer Theory 1967The Determinants of Residential Property Values with Special Reference to Air Pollution 1981Choice of functional form for hedonic price equations 1981Hedonic Prices, Property Values and Measuring Environmental Benefits: A Survey of the Issues 1985The choice of functional forms for hedonic price equations: Comment 1985A Test of the Expected Utility Model: Evidence from Earthquake Risks 1992Valuing goods' characteristics: An application of the hedonic price method to environmental attributes

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