Does the measurement of environmental quality affect implicit prices estimated from hedonic models?
Does the measurement of environmental quality affect implicit prices estimated from hedonic models?
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DOI：
10.2307/3147229
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发表时间：
2000-05-01
期刊：
影响因子：
1.4
通讯作者：
Bouchard, R
中科院分区：
文献类型：
--
作者：
Michael, HJ;Boyle, KJ;Bouchard, R
享乐财产价值模型通常用于得出点估计，以确定环境质量和财产价格之间的关系。环境质量变量的测量通常是根据便利性来选择的，但反映对环境质量的不同看法的变量可能导致隐含价格的巨大差异。本案例研究利用缅因州湖滨地产的享乐属性价值模型，推导出九种衡量水清晰度的隐含价格。结果表明，基于不同感知的水的净度变量可能导致隐含价格的差异大到足以潜在地影响政策决策。
Hedonic property value models are often used to derive point estimates for identifying the relationship between environmental quality and property prices. The measurement of the environmental quality variable is often selected based on convenience, but variables reflecting different perceptions about environmental quality may result in implicit prices that vary substantially. This case study derives implicit prices for nine measures of water clarity using hedonic property value models of lakefront properties in Maine. Results show that water clarity variables based on different perceptions may result in differences in implicit prices large enough to potentially affect policy decisions.