Objective versus Subjective Measures of Water Clarity in Hedonic Property Value Models
Objective versus Subjective Measures of Water Clarity in Hedonic Property Value Models
复制标题
特征属性价值模型中水透明度的客观与主观测量
DOI:
10.2307/3146935
复制
发表时间:
2001
期刊:
影响因子:
1.4
通讯作者:
R. Bouchard
中科院分区:
文献类型:
--
作者:
P. J. Poor;K. Boyle;Laura O. Taylor;R. Bouchard
This paper examines and compares objective, scientific measures of environmental quality with subjective measures of individuals’ perceptions obtained from survey information within the context of hedonic property value models. The specific application is to water clarity of freshwater lakes in Maine. Non-nested, J-test results indicate that the objective measure of water clarity was either preferred, or equally preferred, to the subjective measure for explaining variation in sale prices. These results are promising for hedonic applications employing scientific measures of environmental quality, however robustness of these results to other environmental amenities, and more complex environmental quality measuresare of course needed. (JEL Q25)