The hedonic cross‐sectional regression method has been a rich source of information on the price of urban amenities and disamenities generated by transport facilities. This paper offers the policy‐maker a guide to the origins, principles and critical assumptions of hedonic pricing models before examining the econometric problems involved in the actual measurement of the external effects of transport facilities. A case study demonstrates the technique and its pitfalls. Notwithstanding the problems of measurement, the hedonic regression method is a rewarding avenue of exploration as to the external effects of transport works.


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    Title :

    A guide to valuing transport externalities by hedonic means


    Contributors:

    Published in:

    Transport Reviews ; 11 , 4 ; 311-324


    Publication date :

    1991-10-01




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    Unknown



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