We analyse the housing markets in a suburb north of the Danish capital Copenhagen. We find that households sort themselves in relation to nature area. The concentration of affluent households decreases rapidly with distance to nature. This indicates that a welfare change generated by a change in...

In this article we quantify the marginal external effects of nearby land based wind turbines on property prices capitalized through traded residential properties located within 2,500 meters or less. We succeed in separating the effect of noise and visual pollution from wind turbines. This was...

In this article we quantify the marginal external effects of nearby land based wind turbines on property prices capitalized through traded residential properties located within 2,500 meters or less. We succeed in separating the effect of noise and visual pollution from wind turbines. This was...

PanJen provides users the opportunity to explore the relationship between a dependent variable and its covariates with minimal restrictions. The package offers an easy and data-driven way to choose a functional form in multiple linear regression models by comparing a range of parametric...

Using data from two Choice Experiment environmental valuation surveys we investigate several different ways of handling respondent uncertainty. In both surveys respondents are asked to state their certainty of choice after each single choice set. We evaluate three different recoding-of-answers...

In a choice experiment we test income effects for different attributes and we test the effect of stated expected changes in future income on stated WTP. We find both present and future income to be significant determinants of stated WTP when included in the same model. We also find that the less...

This article reports a complete two stage hedonic analysis for road noise. For the estimation of the hedonic price function I develop a spatial research design which simultaneously reduces the risk of omitted variable bias and the risk of measurement error in the noise measure. The preference...

This report summarizes the main results from a choice experiment survey addressing peoples’ willingness to pay (WTP) for improvements in surface water quality as well as groundwater quality. A particular novel focus is on estimating the extent to which WTP is impacted by the time lags and...

This paper investigates how household demand for access to nature varies across a Danish housing market. I use conditional quantile regressions to estimate the implicit price for a change in nature area conditional on the home price. If there are systematic differences in the willingness to pay...

Hedonic models are subject to spatially correlated errors which are a symptom of omitted spatial variables, mis-specification or mismeasurement. Methods have been developed to address this problem through the use of spatial econometrics or spatial fixed effects. However, often spatial...