Environmental Economics

Exploring the Identification Problem in Hedonic Markets

The paper argues for a "qualified yes" to the following question: Can preferences be recovered in practical applications of hedonic methods to data from single markets? There are circumstances, the paper argues, which allow the recovery of the parameters of preference functions; there are methods which allow the identification issue in particular models to be addressed. This paper focuses on specifying the hedonic model and applying methods which tell whether a specific model can be identified.

  • Keywords

    Subject:
    1. Benefits Analysis
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Revealed Preference
    1. Benefits Analysis - Valuation - Revealed Preference - Property Value
    Environmental Media:
    f. Multimedia
    Authors:
    McConnell, Kenneth E.
    Phipps, Tim T.
    EPA Project Officer/ Manager:
    Carlin, Alan
    Geographic Area:
    Study Purpose:
    Methodology Development & Evaluation
    Inventory Record #: EE-0392
  • Participating Organizations

    Research Organization:

    Maryland, University of, Department of Agricultural and Resource EconomicsAddress: Symons Hall, University of Maryland
    City: College Park State: MD ZIP: 20742
    Phone: Fax:
    E-mail:
    Funding Organization:
    Environmental Protection Agency, Office of Policy, Planning and EvaluationAddress:
    City: State: ZIP:
    Phone: Fax:
    E-mail:
  • Report Details
    Type:
    Final
    Date:
    06/28/1984
    Number of Pages:
    41
    Comment:
    Grant/Contract #:
    CR811043-01
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    Date Linked: 08/25/2017