Uncertainty, Information, and Hedonic Pricing
提出了一个考虑信息水平和不确定性的特征定价模型，用于分析非市场商品（如自然灾害风险）的消费者估值，并推导出一套分析概率性非市场商品特征价格的简单规则。
The application of the hedonic pricing technique to estimating consumer values of avoiding or incurring the risk of loss from natural hazards has recently appeared in the literature (e.g., Brookshire et al. 1985; MacDonald, Murdoch, and White 1987). The probabilistic nature of the hazards evaluated in these studies raise new questions regarding the interpretation of the hedonic prices estimated. We present a hedonic price model that accounts for information level and uncertainty when valuing nonmarket goods. A simple set of rules are derived for analyzing hedonic prices for probabilistic nonmarket goods.