Category: Hedonic Analysis

Wilmington Park Value Report

This research study by The Trust for Public Land's Center for City Park Excellence explores the economic value of the parks and park programs of the city of Wilmington, Delaware.Enumerating the economic value of the city's park system for seven diffe… more »

A Theory-Based Approach to Hedonic Price Regressions with Time-Varying Unobserved Product Attributes: The Price of Pollution

by Patrick Bajari 1 and 2, Jane Cooley 3, Kyoo il Kim 1, Christopher Timmins 2 and 4 1. University of Minnesota and NBER2. National Bureau of Economic Research (NBER) www.NBER.org3. University of Wisconsin4. Duke UniversityOctober 6, 2009Abst… more »

The Impact of Wind Power Projects on Residential Property Values in the United States: A Multi-Site Hedonic Analysis

Abstract: With wind energy expanding rapidly in the U.S. and abroad, and with an increasing number of communities considering wind power development nearby, there is an urgent need to empirically investigate common community concerns about wind project d… more »

On the Use of Subjective Well-Being Data for Environmental Valuation

Abstract: This paper explores the potential of using subjective well-being (SWB) data to value environmental attributes. A theoretical framework compares this method, also known as the life-satisfaction approach, with the standard hedonic pricing approac… more »

The Effect of the Conservation Reserve Program on Land Values

Abstract: This paper evaluates the effects of the Conservation Reserve Program (CRP) on land values. A theoretical model is presented to analyze the interaction between farmers’ CRP participation decisions and land values. Empirical models are estimated… more »