RELATIVE WAGES are changing. Over the last decade or so, earnings of high school
graduates have declined rela-tive to college graduates, and earnings of young adults have …

Households “sort” across neighborhoods according to their wealth and their preferences for
public goods, social characteristics, and commuting opportunities. The aggregation of these …

Using data from Pennsylvania and an array of empirical techniques to control for
confounding factors, we recover hedonic estimates of property value impacts from nearby …

The hedonic property-value model has been refined over more than forty years to become
one of the premier approaches to valuing environmental amenities. This article presents …

This article considers the problem of" supply-and-demand" analysis on a cross section of
oligopoly markets with differentiated products. The primary methodology is to assume that …

This paper investigates whether energy performance ratings, as measured by mandatory
Energy Performance Certificates (EPCs), are reflected in the sale prices of residential …

The first edition of this important work was the winner of the 2002 Publication of Enduring
Quality award by the Association of Environmental and Resource Economists. The …

Non-market valuation has become a broadly accepted and widely practiced means of
measuring the economic values of the environment and natural resources. In this book, the …

We exploit the structure of the Clean Air Act to provide new evidence on the capitalization of
total suspended particulates (TSPs) air pollution into housing values. This legislation …

W HEN THE ENVIRONMENTALrevolution arrived in the late 1960s, the economics
profession was ready and waiting. Economists had what they saw as a coherent and …