By Noboru Hidano
The significance of the hedonic valuation process in public coverage review and environmental price estimation is now commonly approved. this article is mainly designed to demonstrate the fundamental assumptions of the hedonic technique and spotlight the strengths and weaknesses linked to it. Combining rigorous theoretical research, particular empirical reports and an intensive historical past of hedonic valuation, the e-book is either an creation to the sphere and an relief for pros and practitioners. It comprises: a complete rationalization of the elemental theorem; broad discussions at the software of the method within the assessment of either small-scale and large-scale initiatives; precise factors of the applicability of the hedonic strategy by means of evaluating expected values for numerous environmental and public companies; and a demonstration of public coverage and environmental valuation utilizing readily-understood examples.
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