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The Hedonic Method: Value of Statistical Life, Wage Compensation, and Property Value Compensation

In: Research Tools In Natural Resource And Environmental Economics

Author

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  • Philip E. Graves

    (University of Colorado, USA)

Abstract

The following sections are included:The Value of a Statistical Life (VSL)The Hedonic Valuation of Environmental QualityHedonic Methods: Wage CompensationHedonic Methods: Property Value or Rent CompensationWage and Property Value Differentials are not AlternativesA Graphical Exposition of the MultiMarket Hedonic MethodCan Single-Market Hedonic Studies Ever Produce Accurate Amenity Measures?Conclusions: Hedonic Analysis as Practiced is Biased Against the EnvironmentReferences

Suggested Citation

  • Philip E. Graves, 2011. "The Hedonic Method: Value of Statistical Life, Wage Compensation, and Property Value Compensation," World Scientific Book Chapters, in: Amitrajeet A Batabyal & Peter Nijkamp (ed.), Research Tools In Natural Resource And Environmental Economics, chapter 6, pages 189-213, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814289238_0006
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