Hedonic Prices and the Benefits of Public Projects
- 1 July 1988
- journal article
- Published by JSTOR in Econometrica
- Vol. 56 (4) , 981
- https://doi.org/10.2307/1912708
Abstract
Scotchmer has shown that, even if the population is homogeneous, hedonic prices do not correctly measure long-run benefits of a large public project. This paper...Keywords
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