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
Date Written: August 1988
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: Suggested Citation