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Measuring the Demand for Environmental Quality
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TLDR
In this paper, J.B. Braden, C.D. Kolstad and D.M. Miltz proposed a method for valuing classes of environmental effects.Abstract:
Part I: Theory and Methods. Introduction (J.B. Braden, C.D. Kolstad and D. Miltz). Environmental Demand Theory (C.D. Kolstad and J.B. Braden). Household Production Functions and Environmental Benefit Estimation (V.K. Smith). Hedonic Methods (R.B. Palmquist). Constructed Markets (R.T. Carson). Part II: Methods for Valuing Classes of Environmental Effects. Environmental Health Effects (M.L. Cropper and A.M. Freeman III). Aesthetics (P.E. Graves). Recreation (N.E. Bockstael, K.E. McConnell and I. Strand). Materials Damages (R.M. Adams and T.D. Crocker). Total and Nonuse Values (A. Randall). Summary and Conclusions (J.B. Braden and C.D. Kolstad). Bibliography. Author Index. Subject Index.read more
Citations
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Book ChapterDOI
Chapter 27 The Computation of Prices Indices
TL;DR: The basic idea of the hedonic regression (HR) method is to regress prices on various attributes of objects (dimensions, artists, subject matter, etc.) and to use the residuals of the regression which can be considered as "characteristic-free prices" to compute the price index as mentioned in this paper.
Journal ArticleDOI
Information Disclosure Requirements and the Effect of Soil Contamination on Property Values
TL;DR: The authors applied the contingent valuation method using telephone survey data to investigate the effect of a split-sample information disclosure treatment concerning soil contamination on the willingness to pay of potential home buyers in Corpus Christi, TX, USA.