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This paper calculates the willingness to pay (WTP) of residents for undergrounding utility lines with the hedonic approach. Land price functions are estimated for seven regions in Japan. Estimation is conducted for densely inhabited districts (DIDs), non-DIDs, and the whole region. The estimates...
Persistent link: https://www.econbiz.de/10012947431
Based on a spatial-temporal general equilibrium model, we rigorously derive a measurement method using dynamic changes in cross-sectional hedonic prices to estimate the willingness to pay for urban amenity improvements. Hedonic approaches in the form of difference-in-differences or regression...
Persistent link: https://www.econbiz.de/10014084194