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Do Discrete Choice Approaches to Valuing Urban Amenities Yield Different Results Than Hedonic Models?

Valuing climate amenities using a discrete model of household location choice results in greater values for warmer winters and cooler summers than a hedonic model.

Working Paper by Paramita Sinha, Martha Caulkins, and Maureen L. Cropper — Feb. 8, 2018

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Authors

Paramita Sinha

Martha Caulkins

Maureen L. Cropper

Senior Fellow