EconPapers    
Economics at your fingertips  
 

Environmental Amenities as a Source of Market Power

Laura Taylor and V. Smith

Land Economics, 2000, vol. 76, issue 4, 550-568

Abstract: Site-specific environmental amenities can provide a source of product-differentiating market power. Using estimates from hedonic-price equations and residual-demand models, our analysis recovers firm-specific estimates of price markups as measures of market power, and uses these markups to estimate the implied marginal value for access to coastal beaches. The application involves rental price and occupancy data for several thousand beach properties along a portion of the North Carolina coastline during the 1987 to 1992 rental seasons.

JEL-codes: L10 Q26 (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (24)

Downloads: (external link)
http://www.jstor.org/stable/pdfplus/3146952
A subscription is required to access pdf files. Pay per article is available.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:76:y:2000:i:4:p:550-568

Access Statistics for this article

More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().

 
Page updated 2025-03-31
Handle: RePEc:uwp:landec:v:76:y:2000:i:4:p:550-568