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Valuing air quality using happiness data : the case of China
Zhang, Xin; Zhang, Xiaobo; Chen, Xi - 2016
This paper estimates the monetary value of cutting PM2.5, a dominant source of air pollution in China. By matching hedonic happiness in a nationally representative survey with daily air quality data according to exact dates and locations of interviews in China, we are able to estimate the...
Persistent link: https://www.econbiz.de/10011497267
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Climate amenities, climate change, and American quality of life
Albouy, David; Graf, Walter; Kellogg, Ryan; Wolff, Hendrik - 2013
uncomfortable. These preferences vary by location due to sorting or adaptation. Changes in climate amenities under business …. -- climate amenities ; climate change ; quality of life ; temperature profiles ; heterogeneous preferences …
Persistent link: https://www.econbiz.de/10009729699
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How large is the compensating wage differential for R&D workers?
Dupuy, Arnaud; Smits, Wendy - 2009
The aim of this paper is to measure the extent to which lower wages in R&D functions reflect a preference effect. In contrast to the bulk of the literature on compensating wage differentials that compares wage levels of jobs with different attributes, we constructed measures of willingness to...
Persistent link: https://www.econbiz.de/10003848561
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Partial identification of willingness-to-pay using shape restrictions with an application to the value of a statistical life
Sojourner, Aaron J. - 2010
Economists often analyze cross-sectional data to estimate the value people implicit place on attributes of goods using hedonic methods. Usually strong enough assumptions are made on the functional form of utility to point identify individuals' willingness-to-pay (WTP) for changes in attribute...
Persistent link: https://www.econbiz.de/10008688857
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Hedonic estimation under very general conditions using experimental and quasi-experimental designs
Rohlfs, Chris; Sullivan, Ryan; Kniesner, Thomas J. - 2013
This paper develops a generalized hedonic model in which an exogenous shock to a single product attribute can affect other attributes, the markets for the product's complements and substitutes, and aggregate quantity produced. These factors are shown to be empirically relevant and to cause bias...
Persistent link: https://www.econbiz.de/10009787341
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Back to Edgeworth? : estimating the value of time using hedonic experiences
Krekel, Christian; MacKerron, George - 2023
their daily lives, we use a smartphone app that over eight years randomly asked a panel of 30, 936 UK residents (N = 2, 235 …
Persistent link: https://www.econbiz.de/10014311979
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Measuring job risks when hedonic wage models do not do the job
Ferreira, Susana; Martínez-de-Morentin, Sara; Erro … - 2024
Hedonic wage regressions show little evidence that European workers facing larger job risks and other workplace disamenities receive higher wages. On the other hand, workers in more risky or unpleasant jobs are less satisfied with their jobs, ceteris paribus. If labor markets were perfectly...
Persistent link: https://www.econbiz.de/10014454739
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Pricing neighborhoods
Eshaghnia, Sadegh; Heckman, James J.; Razavi, Goya - 2023
Education in Denmark is freely available. Despite near equal teacher salaries and per-pupil school expenditure across districts, there is substantial spatial heterogeneity in school quality as measured by teacher quality and student test scores. We argue that this is due to sorting of teachers...
Persistent link: https://www.econbiz.de/10014290524
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Maximum likelihood estimation and lagrange multiplier tests for panel seemingly unrelated regressions with spatial lag and spatial errors : an application to hedonic housing prices...
Baltagi, Badi H.; Bresson, Georges - 2010
This paper proposes maximum likelihood estimators for panel seemingly unrelated regressions with both spatial lag and … spatial lag dependent variable and where the heterogeneity in the panel is incorporated via an error component specification … spatial autocorrelation and random effects for this spatial SUR panel model. The small sample performance of the proposed …
Persistent link: https://www.econbiz.de/10009013035
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Entropy methods for identifying hedonic models
Dupuy, Arnaud; Galichon, Alfred; Henry, Marc - 2014
This paper contributes to the literature on hedonic models in two ways. First, it makes use of Queyranne's reformulation of a hedonic model in the discrete case as a network flow problem in order to provide a proof of existence and integrality of a hedonic equilibrium and efficient computational...
Persistent link: https://www.econbiz.de/10010356985