Hedonic pricing method on environmental assets

The hedonic pricing method is used to estimate economic values for ecosystem or environmental services that directly affect market prices. It is most commonly applied to variations in housing prices that reflect the value of local environmental attributes.

It can be used to estimate economic benefits or costs associated with:

  • environmental quality, including air pollution, water pollution, or noise
  • environmental amenities, such as aesthetic views or proximity to recreational sites

Here’s a great place to start.

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