Modeling unobserved heterogeneity in hedonic price models [PDF]
Real Estate Economics, 2020 AbstractThis paper studies unobserved heterogeneity in hedonic price models, arising from missing property and locational characteristics. Specifically, commercial real estate is very heterogeneous, and data on detailed property characteristics are often lacking.
Marc Francke, Alex Van de Minne
openaire +4 more sources
Effects of neighborhood streetscape on the single-family housing price: Focusing on nonlinear and interaction effects using interpretable machine learning. [PDF]
PLoS ONEPrevious studies using the conventional Hedonic Price Model to predict existing housing prices may have limitations in addressing the relationship between house prices and streetscapes as visually perceived at the human eye level, due to the constraints ...
Jaewon Han, Ayoung Woo, Sugie Lee
doaj +2 more sources
Hedonic Price Methods and Real Estate Price Index: an Explanatory Study for Apartments Market in Belo Horizonte, Brazil, from 2004 to 2015 [PDF]
Statistika: Statistics and Economy Journal, 2023 Brazil does not have an official real estate price index yet. A 2011 presidential decree stipulated for the Brazilian Institute of Geography and Statistics (IBGE) the assignment to create and spread a real estate price index for Brazil. In this paper, we
Luiz Andrés Ribeiro Paixão
doaj +1 more source
Overpricing in a Spatial Hedonic Frontier Model: The Case of Ski Lift Tickets in Norway
International Journal of Empirical Economics, 2022 A general assumption of the standard hedonic price model is that producers produce outputs/ services efficiently, and deviations from this situation are assumed to involve either overcharging or undercharging.
Gudbrand Lien, Subal C. Kumbhakar
doaj +1 more source
Sustainability labels in the Spanish coffee market: A hedonic price approach
Spanish Journal of Agricultural Research, 2023 Aim of study: Focused on the coffee sector, the purpose of this paper was to determine the implicit price paid for the main sustainability certifications (Fairtrade, Organic, Rainforest Alliance and UTZ certifications) using the hedonic price approach.
Nesrine MERBAH, Sonia BENITO-HERNÁNDEZ
doaj +1 more source
On the Estimation of Structural Hedonic Price Models [PDF]
Econometrica, 1982 MANY COMMODITIES can be viewed as bundles of individual attributes for which no explicit markets exist. It is often of interest to estimate structural demand and supply functions for these attributes, but the absence of directly observable attribute prices poses a problem for such estimation.
Brown, James N, Rosen, Harvey S
openaire +1 more source
Additively Separable Hedonic Games with Social Context
Games, 2021 In hedonic games, coalitions are created as a result of the strategic interaction of independent players. In particular, in additively separable hedonic games, every player has valuations for all other ones, and the utility for belonging to a coalition ...
Gianpiero Monaco +2 more
doaj +1 more source
Vpliv izgradnje avtocest in hitrih cest na ceno stanovanj v severovzhodni Sloveniji ( = The impact of the construction of motorways and expressways on housing prices in north-east Slovenia) [PDF]
Geodetski Vestnik, 2018 This article presents the use of a spatial difference-in-differences (DID) estimator to measure the impact of new highways on residential property values in mainly rural NE Slovenian municipalities. In the last 15 years, the introduction of two motorways
Dejan Paliska +3 more
doaj +1 more source
The Value of Craft Beer Styles: Evidence from the Italian Market
Foods, 2023 This study aims to estimate the market value, or implicit prices, associated with the main craft beer attributes (e.g., beer style, organic, gluten-free, and package-related features) and support producers in detecting the more profitable marketing ...
Francesco Bimbo +3 more
doaj +1 more source
Using Satellite Imagery in Predicting Kansas Farmland Values
Journal of Agricultural and Resource Economics, 2002 Can remotely sensed imagery improve hedonic land price models? A remotely sensed variable was added to a hedonic farmland value model as a proxy for land productivity. Land cover data were used to obtain urban and recreational effects as well.
Heather D. Nivens +3 more
doaj +1 more source