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oai:www.ideals.illinois.edu:2142/85621 2023-07-11 col_2142_5131 col_2142_14830 com_2142_5130 com_2142_14829 com_2142_8903

Brueckner, Jan K. Chattopadhyay, Sudip 2015-09-25T22:47:38Z 2015-09-25T22:47:38Z 10000-01-01 1997 1997 The nested logit model is applied to the Chicago housing data set, with the goal of valuing environmental amenities. Four alternative hierarchical nestings based on dwelling, neighborhood, and city attributes are considered, and a sampling rule satisfying McFadden's uniform conditioning property is adopted. The benefit estimates of dwelling and city attributes are found to be less sensitive, while those of neighborhood attributes are found to be more sensitive to alternative nesting strategies. The effects of household demographics on parameter estimates generally conform to standard notions. A comparison of the model with the standard two-step hedonic model reveals that the benefit estimates are consistently lower in the case of the former. Made available in DSpace on 2015-09-25T22:47:38Z (GMT). No. of bitstreams: 2 license.txt: 4848 bytes, checksum: 96035ab3f5e1c23cc7138a224ce498bd (MD5) 9812550.pdf: 5158287 bytes, checksum: 13e34656748b55fc5de03439fc4c196d (MD5) Previous issue date: 1997 Embargo set by: Seth Robbins for item 86902 Lift date: Forever Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs U of I Only 115 p. Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1997. http://hdl.handle.net/2142/85621 (MiAaPQ)AAI9812550 eng Environmental Sciences Hedonic Valuation of Environmental Amenities and Issues of Model Selection text Economics Economics University of Illinois at Urbana-Champaign Dissertation Ph.D.