This chapter examines the hedonic analysis of housing markets. These techniques have
been widely applied in studies of the demand for housing attributes and environmental …

The hedonic price model, derived from Lancaster's (1966) consumer theory and Rosen's
theoretical (1974) model, has been used extensively in the scientific investigation of various …

Spatial data contain locational information as well as attribute information. It is increasingly
recognized that most data sets are spatial in that the attribute being measured is typically …

Economists and others have long believed that by balancing the costs of such public goods
as air quality and wilderness areas against their benefits, informed policy choices can be …

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 …

Geographically weighted regression (GWR) is an important local technique for exploring
spatial heterogeneity in data relationships. In fitting with Tobler's first law of geography, each …

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 …

This study examines how errors in measuring marginal attribute prices vary with the form of
the hedonic price function. In simulations, consumers with known utility functions bid for …

Quantitative information on residents' valuations attached to urban forests is needed for
assessing urban land-use. The aim of this study is to value implicitly non-priced urban forest …