Several authors have applied the hedonic model using before-after data to estimate the willingness to pay for a change in public expenditure or amenity This article shows that attempts to interpret the results of such estimation as a measure of willingness to pay for a local amenity or public...

Over the past 25 years a large literature has developed that attempts to measure the impact of zoning regulations on real estate markets. This vast zoning literature is also quite diverse; studies differ significantly in methodology, data and the results obtained. In this paper we systematically...