VALUING RISK-REDUCING INTERVENTIONS WITH HEDONIC MODELS: THE CASE OF EROSION PROTECTION

dc.creatorDorfman, Jeffrey H.
dc.creatorKeeler, Andrew G.
dc.creatorKriesel, Warren
dc.date2017-04-01T20:04:16Z
dc.date.accessioned2026-07-09T04:11:25Z
dc.descriptionThis article extends the literature on economic valuation of public interventions that reduce environmental risk. We consider the case where risk-reducing interventions have different characteristics than the risk proxies used in hedonic regressions. We then demonstrate the importance of these considerations by reexamining an existing analysis of shoreline protection where we estimate risk using a latent variables model. The results show substantially different and arguably more plausible results.
dc.identifierdoi:10.22004/ag.econ.31001
dc.identifierhttps://ageconsearch.umn.edu/record/31001/files/21010109.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/31001
dc.identifier.urihttp://hdl.handle.net/123456789/546170
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/31001
dc.titleVALUING RISK-REDUCING INTERVENTIONS WITH HEDONIC MODELS: THE CASE OF EROSION PROTECTION
dc.typeText

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