Land Economics Landscape Journal
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Land Economics 77(1):12-29 (2001); doi:10.3368/le.77.1.12
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Combining Revealed and Stated Preference Methods to Value Environmental Amenities at Residential Locations

Dietrich Earnhart

This paper combines an established revealed-preference method, discrete-choice hedonic analysis, and a relatively new stated-reference method, choice-based conjoint analysis, in order to estimate more accurately the aesthetic benefits generated by the presence and quality of environmental amenities associated with residential locations. It applies the combined approach to the housing market of Fairfield, Connecticut, which contains several environmental amenities and is experiencing an improvement in the quality of its coastal wetlands due to active restoration efforts. (JEL Q26)







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Copyright 2001 by The Board of Regents of the University of Wisconsin System