The importance of the hedonic valuation approach in public policy evaluation and
environmental value estimation is now widely accepted. This book is especially
designed to illustrate the basic assumptions of the hedonic approach and highlight
the strengths and weaknesses associated with it. Combining rigorous theoretical
analysis, detailed empirical studies and an extensive history of hedonic valuation,
the book is both a good introductory text to the field and a precise yet
comprehensive aid for professionals and practitioners alike.