The Hedonic Method: Value of Statistical Life, Wage Compensation, and Property Value Compensation

RESEARCH TOOLS IN NATURAL RESOURCE AND ENVIRONMENTAL ECONOMICS, Chapter 7, pp. 189-213, (page proofs), A. Batabyal and P. Nijkamp, eds., World Scientific, 2011

26 Pages Posted: 26 Jan 2010 Last revised: 3 Apr 2011

See all articles by Philip E. Graves

Philip E. Graves

University of Colorado at Boulder - Department of Economics

Date Written: March 30, 2011

Abstract

There is no abstract for this book chapter, however it describes how the hedonic method is used to infer the value of a statistical life as well as environmental and other amenities. The emphasis is upon the policy implications of employing this approach, since many others have summarized the technical apparatus.

Keywords: environmental valuation, hedonic analysis, wage compensation, rent compensation, VSL

JEL Classification: Q50, Q51, Q53, Q58

Suggested Citation

Graves, Philip E., The Hedonic Method: Value of Statistical Life, Wage Compensation, and Property Value Compensation (March 30, 2011). RESEARCH TOOLS IN NATURAL RESOURCE AND ENVIRONMENTAL ECONOMICS, Chapter 7, pp. 189-213, (page proofs), A. Batabyal and P. Nijkamp, eds., World Scientific, 2011, Available at SSRN: https://ssrn.com/abstract=1542072

Philip E. Graves (Contact Author)

University of Colorado at Boulder - Department of Economics ( email )

Campus Box 256
Boulder, CO 80309-0256
United States

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