Koundouri, Phoebe; Pashardes, Panos - In: Environmental & Resource Economics 26 (2003) 1, pp. 45-56
Hedonic valuation of quality attributes can be misleading when theassumption that these attributes are exogenous to sample selection isviolated. This paper considers the simultaneity between hedonic valuationand sample selection in the context of a model of producer behavior andinvestigates...