A Hedonic Approach
New Horizons in Environmental Economics series
a parameter of the Cobb–Douglas production function or general parameters of any functions AI area of Region I ACCi accessibility of Region i b a parameter of production function or general parameters of any functions B beneﬁt or hedonic measures c total cost of production c a parameter of production function and a cost function (or unit cost) in Appendices 6 and 7 C cost of a project T C cost of a project in Appendices 6 and 7 dh number of household trips i f di number of ﬁrm trips DIDni population of densely inhabited districts in Region i E expenditure function EV equivalent variation f general function f, z) production function f(n, l f ﬁrm h household or consumers H area of the region i interest rate or stands for a region K stock of infrastructure lf land input for ﬁrms lh residential land for the household Leq equivalent power level of noise a 151 152 The economic valuation of the environment and public policy LPh, LPf m n N O Pik Pm ik q r r* i s S tm ik T TT i u V VC w W x X z, Z ␣, ␤, ␥ , , residential and business land prices, respectively number of ﬁrms number of workers or consumers number of consumers or total number of workers or consumers offer function of producers unit transport fare transport cost (for example, fares) of transport mode m between i and k generalized cost, time, or physical distance land...
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