The hedonic literature suggests that locations with more favourable characteristics should display compensating wage and residential land price differentials. Using the hedonic price technique estimates of the willingness to pay for small changes in some key characteristics of the Italian...

This study uses the hedonic approach to measure the amenity value of climate in Germany. Unlike in earlier research separate hedonic wage and house price regressions are estimated for relatively small geographic areas and formal tests undertaken to determine whether the coefficients describing...