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Researchers using survey data must always deal with the problem of nonignorable non-response among the intended sample for a survey. Often, nothing more is known about a non-respondent individual or household other than the geographic location of their primary residence. However, this...
Persistent link: https://www.econbiz.de/10005635088
Certain sociodemographic groups often seem to be relatively more concentrated near environmental hazards than in the surrounding community. It is well-known that snapshot cross-sectional statistical analyses cannot reveal how residential mobility for these different groups reacts to changing...
Persistent link: https://www.econbiz.de/10005635101
Certain sociodemographic groups often seem to be relatively more concentrated near environmental hazards than in the surrounding community. It is well-known that snapshot cross-sectional statistical analyses cannot reveal how residential mobility for these different groups reacts to changing...
Persistent link: https://www.econbiz.de/10005763174
Hedonic Property Value (HPV) models generally consider socio-demographic factors as exogenous in the determination of housing values. We present a descriptive model that shows evidence that contradicts this maintained hypothesis in the HPV literature. Cross-sectional statistical analyses cannot...
Persistent link: https://www.econbiz.de/10008692941
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Longstanding debate over the appropriate social discount rate for public projects stems from our lack of knowledge about how individual discount rates vary across people and across choice contexts. Using a sample of roughly 15,000 choices by over 2000 individuals, we estimate utility theoretic...
Persistent link: https://www.econbiz.de/10005464111
Failure to allow for directional heterogeneity can obscure otherwise statistically significant distance effects in hedonic property value models. If ambient pollution data are unavailable, researchers often rely upon distance from a point source of pollution as a proxy for ambient environmental...
Persistent link: https://www.econbiz.de/10005593757
We develop and evaluate a test of choice set misspecification for a multinomial logit choice model. This test determines whether the choice set designated by the researcher mistakenly assigns relevant substitutes to the numeraire good. We develop this test by generalizing the traditional...
Persistent link: https://www.econbiz.de/10005635091
We develop a structural option price model in which individuals choose among competing risk-mitigating programs to alter their probability of experiencing future years in various degraded health states. The novel aspects of this model include separate estimates of the marginal utilities of...
Persistent link: https://www.econbiz.de/10005635097