PT  - JOURNAL ARTICLE
AU  - Mueller, Valerie
AU  - Sheriff, Glenn
TI  - On Hedonic Valuation of Urban Amenities Using Unbalanced Data
AID  - 10.3368/le.86.3.545
DP  - 2010 Aug 01
TA  - Land Economics
PG  - 545--551
VI  - 86
IP  - 3
4099  - http://le.uwpress.org/content/86/3/545.short
4100  - http://le.uwpress.org/content/86/3/545.full
SO  - Land Econ2010 Aug 01; 86
AB  - Hedonic valuation of urban amenities often requires estimating housing and labor market regressions. It is difficult to get both types of data for all survey respondents. We show that the common practice of conducting two separate regressions with unbalanced data causes inconsistent covariance matrix estimation and improper inference regarding amenity values. We demonstrate how two easily implementable yet consistent techniques can be used for hedonic valuation with an application in valuing temperature increases in urban Brazil. (JEL C31, Q51)