At the risk of repeating myself, from yesterday:
Each May, my department awards Brashear Prizes for best undergraduate papers (and we get a "free lunch"). This year, 5 of my senior seminar students were among the recipients: Colin Jones, Isaac King, Jeremy Austin, Heather Smith and Brandon Saxton (in no particular order). Congrats!
Two of these five papers are in the field of environmental economics, which I am happy to highlight yesterday and today.
Hedonic Pricing: The Value of a View In Blowing Rock, North Carolina
Isaac G. King
ECO 4810
4-23-08Abstract
This study attempted to determine the value of a view in Blowing Rock, North Carolina. To find this value, the hedonic pricing method was applied to data collected from one hundred Multiple Listing Service (MLS) pages for recent single family house transactions. Results indicate the premium paid on a house, for a view, was about $141,500.
Here are the regression results (n=100) (click on the thumbnail):
