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Information Impacts On Stated Vs. Revealed Preference Valuation Of Environmental Quality

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  • Hite, Diane

Abstract

A database is used that combines survey and housing variables to compare stated willingness to pay (WTP) to revealed WTP to avoid living in proximity to a land -ll. The results suggest that stated WTP is closer to that predicted by the hedonic for knowledgeable homebuyers than for ignorant homebuyers.

Suggested Citation

  • Hite, Diane, 2000. "Information Impacts On Stated Vs. Revealed Preference Valuation Of Environmental Quality," 2000 Annual meeting, July 30-August 2, Tampa, FL 21791, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea00:21791
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    File URL: http://ageconsearch.umn.edu/record/21791/files/sp00hi05.pdf
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    References listed on IDEAS

    as
    1. Kohlhase, Janet E., 1991. "The impact of toxic waste sites on housing values," Journal of Urban Economics, Elsevier, vol. 30(1), pages 1-26, July.
    2. Donald Haurin & David Brasington, 1996. "The Impact of School Quality on Real House Prices: Interjurisdictional Effects," Working Papers 010, Ohio State University, Department of Economics.
    3. Diane Hite, 1998. "Information and Bargaining in Markets for Environmental Quality," Land Economics, University of Wisconsin Press, vol. 74(3), pages 303-316.
    4. S. B. Kask & S. A. Maani, 1992. "Uncertainty, Information, and Hedonic Pricing," Land Economics, University of Wisconsin Press, vol. 68(2), pages 170-184.
    5. Cameron, Trudy Ann & Englin, Jeffrey, 1997. "Respondent Experience and Contingent Valuation of Environmental Goods," Journal of Environmental Economics and Management, Elsevier, vol. 33(3), pages 296-313, July.
    6. Nelson, Jon P., 1978. "Residential choice, hedonic prices, and the demand for urban air quality," Journal of Urban Economics, Elsevier, vol. 5(3), pages 357-369, July.
    7. Brookshire, David S, et al, 1982. "Valuing Public Goods: A Comparison of Survey and Hedonic Approaches," American Economic Review, American Economic Association, vol. 72(1), pages 165-177, March.
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    Keywords

    Environmental Economics and Policy;

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