Environmental Valuation Using Cross-City Hedonic Methods
37 Pages Posted: 17 Jun 2004
Date Written: June 2004
Hedonics is a leading revealed preference method for valuing nonmarket local public goods such as environmental quality. Using hedonic methods, numerous cross-city studies have been conducted pricing all sorts of nonmarket environmental attributes ranging from air pollution, to open space, to earthquake risk. Rather than reviewing this enormous literature, this chapter focuses on identifying exciting potential future avenues for hedonic research.
Keywords: Hedonics, environment, urban quality of life
JEL Classification: R1
Suggested Citation: Suggested Citation