A Study on the Applicability of the Hedonic Approach for Environmental Improvement Projects
The Case of Heterogeneous Households
1994 Volume 29 Pages 325-330
Details
1994 Volume 29 Pages 325-330
THE PURPOSE OF THIS PAPER IS TO CLARIFY THE APPLICABILITY OF THE HEDONIC APPROACH FOR ENVIRONMENTAL IMPROVEMENT PROJECTS IN THE CASE OF HETEROGENEOUS HOUSEHOLDS. THIS PAPER ANALYSES THE APPROXIMITY OF THE SOCIAL BENEFITS USING THE HEDONIC BENEFIT ESTIMATES WITHIN THE CONTEXT OF TWO(RICH AND POOR) COMMUNITIES BY THE TWO REGIONAL GENERAL EQUILIBRIUM MODEL. IN CONCLUSION, THE STUDY CLARIFIES THE OVERESTIMATION LIMIT(ABOUT 30-60%) OF THE HEDONIC BENEFITS WITH REGARD TO HETEROGENEOUS HOUSEHOLDS.
