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The Economic Valuation of the Environment and Public Policy
A Hedonic Approach
Noboru Hidano
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.
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- The Economic Valuation of the Environment and Public Policy
- Copyright
- Contents
- Figures
- Tables
- Preface
- Chapter 1: Introduction
- Chapter 2: The Hedonic Approach
- Chapter 3: Theory of Capitalization Hypothesis
- Chapter 4: Hedonic Measure as an Approximation of Benefit
- Chapter 5: Empirical Examination of the Accuracy of the Hedonic Approach
- Chapter 6: Comparison with Contingent Valuation Method
- Chapter 7: Estimation of Hedonic Price Function
- Chapter 8: Hedonic Price Method in Estimating the Value of Environment and Institutional Regulation
- Chapter 9: Environmental Cost–Benefit Analysis Using the Hedonic Price Method
- Chapter 10: Concluding Remarks
- Appendix 1: Proof of time-series capitalization [*]
- Appendix 2: Proof of the overestimation theorem [*]
- Appendix 3: Proof of equality conditions [*]
- Appendix 4: Model and proof of the overestimation theorem in the case of heterogeneous consumers [*]
- Appendix 5: Short-run case [*]
- Appendix 6: Two-region general equilibrium model
- Appendix 7: Two-region two type of consumer general equilibrium model
- Appendix 8: Schedule of benefits and costs
- Notation
- Bibliography
- Index
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Chapter 1: Introduction
A Hedonic Approach
Noboru Hidano
Monograph Chapter
- Published in print:
- 18 Dec 2002
- Category:
- Monograph Chapter
- Pages:
- (8 total)
Collection:
Social And Political Science 2010 and before
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- The Economic Valuation of the Environment and Public Policy
- Copyright
- Contents
- Figures
- Tables
- Preface
- Chapter 1: Introduction
- Chapter 2: The Hedonic Approach
- Chapter 3: Theory of Capitalization Hypothesis
- Chapter 4: Hedonic Measure as an Approximation of Benefit
- Chapter 5: Empirical Examination of the Accuracy of the Hedonic Approach
- Chapter 6: Comparison with Contingent Valuation Method
- Chapter 7: Estimation of Hedonic Price Function
- Chapter 8: Hedonic Price Method in Estimating the Value of Environment and Institutional Regulation
- Chapter 9: Environmental Cost–Benefit Analysis Using the Hedonic Price Method
- Chapter 10: Concluding Remarks
- Appendix 1: Proof of time-series capitalization [*]
- Appendix 2: Proof of the overestimation theorem [*]
- Appendix 3: Proof of equality conditions [*]
- Appendix 4: Model and proof of the overestimation theorem in the case of heterogeneous consumers [*]
- Appendix 5: Short-run case [*]
- Appendix 6: Two-region general equilibrium model
- Appendix 7: Two-region two type of consumer general equilibrium model
- Appendix 8: Schedule of benefits and costs
- Notation
- Bibliography
- Index