Blomquist, Glenn C; Berger, Mark C; Hoehn, John P - In: American Economic Review 78 (1988) 1, pp. 89-107
Implicit markets capture compensation for intraurban and interregional differe nces in amenities and yield differences in housing prices and wages. These pecuniary differences become preference-based weights in a qual ity-of-life index. Hedonic equations are estimated using microdata fr om the...