CHATTOPADHYAY, SUDIP; BRADEN, JOHN B.; PATUNRU, ARIANTO - In: Contemporary Economic Policy 23 (2005) 3, pp. 357-375
This article compares the discrete choice random utility model and the hedonic property value model in estimating the benefits of cleaning up Waukegan Harbor, a Superfund site on the Great Lakes. The study uses survey-based conjoint choice data on housing preferences and market data on housing...