@article{depro_palmquist_2012, title={How Do Ozone Levels Influence the Timing of Residential Moves?}, volume={88}, ISSN={["0023-7639"]}, DOI={10.3368/le.88.1.43}, abstractNote={Although there is evidence that people are aware of local ozone levels and may adjust their day-to-day routines when ozone levels change, little is known about the relationship between local ozone levels and the timing of residential moves. Results from a discrete-time hazard model suggest that homeowners living in areas with moderate to poor air quality are more likely to move when ozone levels are substantially different (better or worse) from the levels at the time of purchase. (JEL Q53, R23)}, number={1}, journal={LAND ECONOMICS}, author={Depro, Brooks and Palmquist, Raymond B.}, year={2012}, month={Feb}, pages={43–57} } @article{palmquist_phaneuf_smith_2010, title={Short Run Constraints and the Increasing Marginal Value of Time in Recreation}, volume={46}, ISSN={["0924-6460"]}, DOI={10.1007/s10640-009-9331-3}, abstractNote={Leisure activities such as local recreation trips usually take place in discrete blocks of time that are surrounded by time devoted to other commitments. It can be costly to transfer time between blocks to allow for longer outings. These observations affect the value of time within those blocks and suggest that traditional methods for valuing time using labor markets miss important considerations. This paper presents a new model for time valuation that uses non-employment time commitments to infer the shadow value of time spent in recreation. A unique survey that elicited revealed and stated preference data on household time allocation is used to implement the model. The results support the conclusion that there is an increasing marginal value of time for recreation as the trip length increases.}, number={1}, journal={ENVIRONMENTAL & RESOURCE ECONOMICS}, author={Palmquist, Raymond B. and Phaneuf, Daniel J. and Smith, V. Kerry}, year={2010}, month={May}, pages={19–41} } @misc{palmquist_2009, title={Hedonic methods in housing markets: Pricing environmental amenities and segregation}, volume={47}, number={4}, journal={Journal of Economic Literature}, author={Palmquist, R. B.}, year={2009}, pages={1157–1159} } @article{phaneuf_smith_palmquist_pope_2008, title={Integrating property value and local recreation models to value ecosystem services in urban watersheds}, volume={84}, ISSN={["0023-7639"]}, DOI={10.3368/le.84.3.361}, abstractNote={This paper outlines a new revealed preference method to estimate the effects of changes in land use associated with residential development on water quality and the implied ecosystem services at the watershed level. The analysis integrates data describing several types of behavior and uses hedonic property value and random utility models for local recreation to consider the multiple impacts of ecosystem services on household well-being. Several policy examples drawn from changes in Wake County, North Carolina, are used to demonstrate how spatial differences in residential development are reflected in the model’s estimates of the economic costs of deterioration in watershed quality. (JEL Q51, Q57)}, number={3}, journal={LAND ECONOMICS}, author={Phaneuf, Daniel J. and Smith, V. Kerry and Palmquist, Raymond B. and Pope, Jaren C.}, year={2008}, month={Aug}, pages={361–381} } @article{atasoy_palmquist_phaneuf_2006, title={Estimating the effects of urban residential development on water quality using microdata}, volume={79}, ISSN={["1095-8630"]}, DOI={10.1016/j.jenvman.2005.07.012}, abstractNote={In this study, we examine the impact on water quality of urbanization using disaggregate data from Wake County, North Carolina. We use a unique panel data set tracing the conversion of individual residentially zoned land parcels to relate the density of residential development and the change in residential land use to three measures of water quality. Using a spatial econometrics model, we relate spatially and temporally referenced monitoring station readings to our measures of residential land use while controlling for other factors affecting water quality. We find that both the density of residential land use and the rate of land conversion have a negative impact on water quality. The impacts of these non-point sources are found to be larger in magnitude than those from urban point sources.}, number={4}, journal={JOURNAL OF ENVIRONMENTAL MANAGEMENT}, author={Atasoy, Mary and Palmquist, Raymond B. and Phaneuf, Daniel J.}, year={2006}, month={Jun}, pages={399–408} } @article{palmquist_2005, title={Weak complementarity, path independence, and the intuition of the Willig condition}, volume={49}, DOI={10.1016/j.jeem.2004.05.002}, abstractNote={Weak complementarity is usually invoked for valuing public goods using information on private goods. However, using uncompensated demands requires a second condition, the Willig condition. This paper present an intuitive explanation of the Willig condition and shows that the alternative versions are equivalent to a path-independence condition for line integrals. This condition is fulfilled for compensated demands but not uncompensated demands except in restrictive special cases. It is shown that this is a type of quasi-homotheticity and requires that the income flexibility of quality must equal the income elasticity of the weak complement. The importance and restrictiveness of the Willig condition are shown using three alternative functional forms.}, number={1}, journal={Journal of Environmental Economics and Management}, author={Palmquist, R. B.}, year={2005}, pages={103–115} } @article{huang_palmquist_2001, title={Environmental conditions, reservation prices, and time on the market for housing}, volume={22}, ISSN={["0895-5638"]}, DOI={10.1023/A:1007891430162}, number={2-3}, journal={JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS}, author={Huang, JC and Palmquist, RB}, year={2001}, month={Mar}, pages={203–219} } @article{ahn_de steiguer_palmquist_holmes_2000, title={Economic analysis of the potential impact of climate change on recreational trout fishing in the Southern Appalachian Mountains: An application of a nested multinomial logit model}, volume={45}, ISSN={["1573-1480"]}, DOI={10.1023/A:1005511627247}, number={3-4}, journal={CLIMATIC CHANGE}, author={Ahn, S and De Steiguer, JE and Palmquist, RB and Holmes, TP}, year={2000}, month={Jun}, pages={493–509} } @inbook{palmquist_1999, title={Hedonic models}, booktitle={Handbook of environmental and resource economics}, publisher={Cheltenham, UK; Northampton, Mass.: Edward Elgar Pub.}, author={Palmquist, R. B.}, year={1999}, pages={765–776} } @article{palmquist_israngkura_1999, title={Valuing air quality with hedonic and discrete choice models}, volume={81}, ISSN={["1467-8276"]}, DOI={10.2307/1244096}, abstractNote={Environmental economists have been using property values in attempts to measure the value residents place on air quality as far back as the 1960s. However, in the years since then we have learned a great deal about how complex valuing nonmarginal changes in air quality is. Rosen presented a hedonic model that is still extremely influential today, but the estimation strategy he outlined in that paper had some shortcomings. Many of these identification and endogeneity issues were corrected subsequently in papers such as Palmquist (1984), Parsons, and Bartik, but none of these papers concentrated on environmental issues. A central issue in estimating the demand or marginal willingness-to-pay functions for characteristics of housing is the identification of those behavioral functions as distinct from}, number={5}, journal={AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS}, author={Palmquist, RB and Israngkura, A}, year={1999}, pages={1128–1133} } @article{craig_palmquist_weiss_1998, title={Transportation improvements and land values in the antebellum United States: A hedonic approach}, volume={16}, ISSN={["0895-5638"]}, DOI={10.1023/A:1007755717900}, number={2}, journal={JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS}, author={Craig, LA and Palmquist, RB and Weiss, T}, year={1998}, month={Mar}, pages={173–189} } @article{munn_palmquist_1997, title={Estimating hedonic price equations for a timber stumpage market using stochastic frontier estimation procedures}, volume={27}, ISSN={["1208-6037"]}, DOI={10.1139/x97-088}, abstractNote={Cet article applique des techniques statistiques developpees pour l'analyse de frontiere stochastique a des fonctions de prix hedonique, dans le contexte du marche du bois sur pied, lorsqu'existe une incertitude au sujet du prix tant chez les vendeurs que les acheteurs. Le terme de l'erreur de la fonction de prix hedonique possede une composante assymetrique dont la distribution depend de la presence ou de l'absence d'un consultant. Cela fournit un modele plus plausible des marches du bois dans un univers incertain et les resultats empiriques supportent le modele.}, number={8}, journal={CANADIAN JOURNAL OF FOREST RESEARCH}, author={Munn, IA and Palmquist, RB}, year={1997}, month={Aug}, pages={1276–1280} } @article{roka_palmquist_1997, title={Examining the use of national databases in a hedonic analysis of regional farmland values}, volume={79}, ISSN={["1467-8276"]}, DOI={10.2307/1244397}, abstractNote={Hedonic techniques have attracted the interest of economists as a means of measuring values of nonmarket goods. By studying the market transactions of differentiated products such as automobiles and houses, implied values and corresponding demand schedules can be estimated for underlying characteristics such as automobile safety features, two-car garages, and air quality of residential neighborhoods. The subject of this paper is farmland and estimating the values of characteristics such as soil productivity and erodibility. In 1974, Rosen and Freeman independently developed theoretical models for differentiated consumer products that now serve as the basis for empirical estimates of marginal prices of product characteristics. Procedures to estimate demand schedules of underlying characteristics were outlined in Palmquist (1984). Palmquist (1989) further extended Rosen's theoretical model to consider land as a differentiated factor}, number={5}, journal={AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS}, author={Roka, FM and Palmquist, RB}, year={1997}, pages={1651–1656} } @article{palmquist_roka_vukina_1997, title={Hog operations, environmental effects, and residential property values}, volume={73}, ISSN={["0023-7639"]}, DOI={10.2307/3147081}, abstractNote={A hedonic study of rural residential house sales in southeastern North Carolina was conducted to determine the effect of large-scale hog operations on surrounding property values. An index of hog manure production at different distances from the houses was developed. It was found that proximity caused a statistically significant reduction in house prices of up to 9 percent depending on the number of hogs and their distance from the house. The effect on the price of a house from opening a new operation depended on the number of hogs already in the area.}, number={1}, journal={LAND ECONOMICS}, author={Palmquist, RB and Roka, FM and Vukina, T}, year={1997}, month={Feb}, pages={114–124} } @article{smith_zhang_palmquist_1997, title={Marine debris, beach quality, and non-market values}, volume={10}, DOI={10.2139/ssrn.31975}, abstractNote={This paper reports the first attempt to measure the importance of controlling marine debris as an aesthetic characteristic of beaches and coastal area. The results are based on a contingent valuation survey designed to estimate the economic value people would place on controlling marine debris on recreational beaches in New Jersey and North Carolina. A Weibull survival model was estimated treating for and against votes as defining censoring points for an unknown willingness to pay distribution. The findings suggest: (1) people do distinguish situations with differing amounts of debris when they are described using color photographs; (2) the pilot survey implies measures of people's willingness to pay (WTP) for debris control are consistent with a scope test in that larger WTP is associated with programs intended to address situations for more serious background levels of debris; and (3) local beach conditions seem to influence how people interpreted the plans describing beach conditions without the proposed control programs.}, number={1997}, journal={Environmental and Resource Economics}, author={Smith, V. K. and Zhang, X. and Palmquist, R. B.}, year={1997}, pages={223–247} } @inbook{smith_zhang_palmquist_1997, title={The economic value of controlling marine debris}, DOI={10.1007/978-1-4613-8486-1_15}, abstractNote={Marine debris pollution became a front-page news story in the late 1980s.1 With this media attention, there has been increasing regulatory activity and some efforts to monitor the problem. In late 1987, Annex V of the international protocol for the prevention of pollution from ships (MARPOL 73/78) was ratified by the United States. Data in a National Park Service report indicate (based on 3 years of sampling at National Seashores around the United States) that amounts of debris found at five of the eight sites studies was remaining approximately constant or increasing (Cole et al. 1992).2 Thus, debris in coastal areas remains a problem.}, booktitle={Marine debris: sources, impacts, and solutions}, publisher={New York: Springer}, author={Smith, V. K. and Zhang, X. and Palmquist, R. B.}, editor={J. M. Coe and Roger, D. B.Editors}, year={1997} } @article{palmquist_danielson_1989, title={A HEDONIC STUDY OF THE EFFECTS OF EROSION CONTROL AND DRAINAGE ON FARMLAND VALUES}, volume={71}, ISSN={["0002-9092"]}, DOI={10.2307/1241774}, abstractNote={Valuing farmland improvements is important for individual farmers and policy makers. This paper demonstrates the use of a hedonic land value study to determine the value of erosion control and drainage using data from North Carolina. Land values are significantly affected by both potential erosivity and drainage requirements. This study's estimates are compared with estimates derived from a variety of other types of studies.}, number={1}, journal={AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS}, author={PALMQUIST, RB and DANIELSON, LE}, year={1989}, month={Feb}, pages={55–62} } @article{palmquist_1989, title={LAND AS A DIFFERENTIATED FACTOR OF PRODUCTION - A HEDONIC MODEL AND ITS IMPLICATIONS FOR WELFARE MEASUREMENT}, volume={65}, ISSN={["1543-8325"]}, DOI={10.2307/3146260}, abstractNote={Impacts of Fish and Wildlife Service wetland easements on agricultural land values in North Dakota were estimated by regressing sale prices on physical and institutional characteristics of sold parcels. While easements on temporary wetlands did not ....}, number={1}, journal={LAND ECONOMICS}, author={PALMQUIST, RB}, year={1989}, month={Feb}, pages={23–28} }