RT Journal Article
SR Electronic
T1 Combining Revealed and Stated Preference Methods to Value Environmental Amenities at Residential Locations
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 12
OP 29
DO 10.2307/3146977
VO 77
IS 1
A1 Earnhart, Dietrich
YR 2001
UL http://le.uwpress.org/content/77/1/12.abstract
AB 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)