A Forward Looking Ricardian Approach: Do Land Markets Capitalize Climate Change Forecasts?

The hedonic pricing method is one of the fundamental approaches used to estimate the economic value of attributes that affect the market price of an asset. In environmental economics, such methods are routinely used to derive the economic valuation of environmental attributes such as air pollution特征价格法（Hedonic Pricing Method）是估算影响资产市场价格的各类属性经济价值的核心研究方法之一。在环境经济学领域，此类方法常被用于获取空气污染等环境属性的经济估值。