Hedonic analysis results for the two-stage least squares regression model predicting property price as a function of key independent variables describing structure, location, and the environment (see Table 1).

See text for discussion of the endogenous variable (milfoil presence) and instrumental variables. Reported are the top three candidate models according to Akaike’s Information Criterion for small samples (AICc) with their associated parameter coefficients and standard errors. The relative likelihood that the model is the best model given the data is denoted.Significant levels: *PHedonic analysis results for the two-stage least squares regression model predicting property price as a function of key independent variables describing structure, location, and the environment (see Table 1).