Multicollinearity is one of several problems confronting researchers using regression analysis. This paper examines the regression model when the assumption of independence among Ute independent variables is violated. The basic properties of the least squares approach are examined, the concept...

The hedonic approach has been advanced recently as an important tool for assessing the value of non-market environmental attributes. In its most usual form, the method involves an attempt econometrically to capture differential prices for homes attributable to variations in the environmental...