The Robustness of Hedonic Price Estimation: Urban Air Quality

Land Economics, Vol. 64, No. 3, pp. 220-233, August 1988

15 Pages Posted: 14 Mar 2011

See all articles by Philip E. Graves

Philip E. Graves

University of Colorado at Boulder - Department of Economics

James Murdoch

University of Texas at Dallas - School of Economic, Political and Policy Sciences

Mark Thayer

San Diego State University - Department of Economics

Donald M. Waldman

University of Colorado at Boulder - Department of Economics

Date Written: August 1988

Abstract

The paper did not originally have an abstract. It explores the robustness of hedonic pricing estimation, focusing on four areas: 1) variable selection and treatment, 2) measurement error, 3) functional form, and 4) error distribution. The paper offers insights to guide the future conduct of hedonic environmental benefit studies.

Keywords: hedonic analysis, property value studies, hedonic estimation, variable selection, measurement error, functional form

JEL Classification: Q51,Q53, Q58, R21, C13, C18, C21, C52, C81, H41, H44

Suggested Citation

Graves, Philip E. and Murdoch, James and Thayer, Mark and Waldman, Donald M., The Robustness of Hedonic Price Estimation: Urban Air Quality (August 1988). Land Economics, Vol. 64, No. 3, pp. 220-233, August 1988, Available at SSRN: https://ssrn.com/abstract=1784994

Philip E. Graves (Contact Author)

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

Campus Box 256
Boulder, CO 80309-0256
United States

James Murdoch

University of Texas at Dallas - School of Economic, Political and Policy Sciences ( email )

P.O. Box 830688, GR 31
Richardson, TX 75083
United States

Mark Thayer

San Diego State University - Department of Economics ( email )

5500 Campanile Drive
San Diego, CA 92182
United States

Donald M. Waldman

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

Campus Box 256
Boulder, CO 80309-0256
United States
303-492-6781 (Phone)
303-492-8960 (Fax)

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