Does the Measurement of Environmental Quality Affect Implicit Prices Estimated from Hedonic Models

By Holly Michael, Kevin J. Boyle, R. Bouchard. 2000

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EVIDENCE OF THE EFFECTS OF WATER QUALITY ON RESIDENTIAL LAND PRICES (2000, background): “In contrast, we could find only four hedonic studies incorporating water quality measures published within the last thirty years (David [7], Epp and Al-Ani [11], Feenberg and Mills [12], Steinnes [31]), and only two unpublished studies (Brashares [3], Michael, Boyle and Bouchard [19]).”
An Hedonic Analysis of the Effects of Lake Water Clarity on New Hampshire Lakefront Properties (2002, methodology): “This specification follows the analysis of Michael, Boyle, and Bouchard (2000) for Maine, where LKA is the surface area of the lake and LWC is the natural logarithm of water clarity.”