On hedonic valuation of urban amenities using unbalanced data

Research output: Contribution to journalArticle

Abstract

Hedonic valuation of urban amenities often requires estimating housing and labor market regressions. It is difficult to get both types of data for all survey respondents. We show that the common practice of conducting two separate regressions with unbalanced data causes inconsistent covariance matrix estimation and improper inference regarding amenity values. We demonstrate how two easily implementable yet consistent techniques can be used for hedonic valuation with an application in valuing temperature increases in urban Brazil.

Original languageEnglish (US)
Pages (from-to)545-551
Number of pages7
JournalLand Economics
Volume86
Issue number3
DOIs
StatePublished - Aug 2010
Externally publishedYes

ASJC Scopus subject areas

  • Environmental Science (miscellaneous)
  • Economics and Econometrics

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