Can Markets Value Air Quality? A Meta-Analysis of Hedonic Property Value Models

This paper reports the results of a statistical summary of estimates of the marginal willingness to pay (MWTP) for reducing particulate matter from hedonic property value models developed between 1967 and 1988. Results using both ordinary least squares and minimum absolute deviation estimators sugge...

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Bibliographic Details
Main Authors: Smith, V. Kerry, Huang, Ju-Chin
Format: Book
Published: Chicago, Ill. University of Chicago Press February 1995
Series:Journal of Political Economy n. 1
Subjects: