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Does the Measurement of Property and Structural Characteristics Affect Estimated Implicit Prices for Environmental Amenities in a Hedonic Model?

Boyle, Kevin J.; Taylor, Laura O. - 2014

Hedonic models are commonly used to estimate marginal willingness pay for environmental amenities. These studies utilize variables that are assumed to be measured without error, such as the square footage of the lot or the number of bedrooms, and proxy variables such as neighborhood or school...

Persistent link: https://www.econbiz.de/10014119280