The Hedonic Method: Value of Statistical Life, Wage Compensation, and Property Value Compensation
RESEARCH TOOLS IN NATURAL RESOURCE AND ENVIRONMENTAL ECONOMICS, Chapter 7, pp. 189-213, (page proofs), A. Batabyal and P. Nijkamp, eds., World Scientific, 2011
26 Pages Posted: 26 Jan 2010 Last revised: 3 Apr 2011
Date Written: March 30, 2011
There is no abstract for this book chapter, however it describes how the hedonic method is used to infer the value of a statistical life as well as environmental and other amenities. The emphasis is upon the policy implications of employing this approach, since many others have summarized the technical apparatus.
Keywords: environmental valuation, hedonic analysis, wage compensation, rent compensation, VSL
JEL Classification: Q50, Q51, Q53, Q58
Suggested Citation: Suggested Citation