Hedonic Prices and the Benefits of Public Projects
指出，即使人口同质，享乐价格也无法正确衡量大型公共项目的长期收益，并证明使用横截面地租差异会高估收益，同时考虑了固定地块面积下的短期收益。
S. Scotchmer has shown that, even if the population is homogeneous, hedonic prices do not correctly measure long-run benefit s of a large public project. This paper examines the direction of err ors and shows that the use of cross-sectional land rent differentials leads to overestimation of the benefits. The short-run benefits with fixed lot size are also considered. Copyright 1988 by The Econometric Society.