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Compensation paid to property owners for land expropriation is always a controversial topic, partly due to the difficulty in revealing households’ true valuation of their housing. This paper estimates and discusses the widely observed ‘willingness to accept–willingness to...
Persistent link: https://www.econbiz.de/10011135125
Measuring environment attributes in monetary terms is an effective approach for evaluating living environments and planning. This paper presents a study employing a hedonic pricing model on the externalities of local attributes in detached residential blocks in Tokyo. Results show that a group...
Persistent link: https://www.econbiz.de/10010827231