Results 161 to 170 of about 14,007,879 (203)

Heteroscedasticity in hedonic house price models

Journal of Property Research, 2000
This paper extends the work of Goodman and Thibodeau which examines heteroscedasticity in hedonic house price models. It investigates whether heteroscedasticity is related to other factors as well as age, since correcting for only one factor when several are involved can worsen the estimates.
M. Fletcher, P. Gallimore, J. Mangan
openaire   +1 more source

A hedonic price model for islands

Journal of Urban Economics, 2003
Abstract This paper addresses the following question: Why do island prices vary across locations? To answer this question, an econometric model is developed to explain differences in island prices with respect to their characteristics (distance from the coast, size, economic and political situation of the membership State).
openaire   +1 more source

A linear mixed model for the hedonic pricing model

Applied Stochastic Models in Business and Industry, 2002
AbstractThis paper introduces a mixed effects model for an application of the hedonic price regression model for panel data. Thus far, the development of hedonic pricing regression for repeated measurements has received relatively little attention. This approach is applied to compare different pricing strategies of companies in the digital still camera
Miyamoto, Michiko, Tsubaki, Hiroe
openaire   +1 more source

A hedonic price model of office rents

Journal of Property Valuation and Investment, 1998
The primary objective of this study is to apply hedonic regression techniques to an office market to identify and quantify the significant contribution of the different attributes to office rents. This technique is widely used in the analysis of housing markets but an extensive literature review reveals little application in commercial property markets.
Neil Dunse, Colin Jones
openaire   +1 more source

Reflections on hedonic price modeling

Journal of European Real Estate Research
Purpose This paper provides a critical history of residential hedonic price modeling, highlighting key issues and advances. It is based on the keynote address presented by the first author at the European Real Estate Society Annual Conference in Sopot (Gdańsk), Poland, in June 2024.
Steven C. Bourassa, Martin Hoesli, Michael Mayer, Nicola Stalder   +3 more
openaire   +1 more source

Zoning and hedonic housing price models

Journal of Housing Economics, 1991
To measure the impact of zoning, most studies include a set of dummy variables representing various land-use classifications in the hedonic housing equation. There are two problems with this specification. First, zoning regulations are multidimensional; they restrict the choice of specific housing characteristics in addition to constraining the use of ...
J.M. Pogodzinski, Tim R. Sass
openaire   +1 more source

A Hedonic Pricing Model for Hunting in Denmark

2008
This paper examines attributes that influence the price on hunting leases in Denmark. Landowners have the right to hunt on their land and the possibility to lease out this hunting right. The lease of hunting rights contributes to the landowners’ income and in order to optimize total income it is essential to understand hunters’ preferences for leasing ...
Lundhede, Thomas Hedemark, Jacobsen, Jette Bredahl, Jellesmark, Bo, Lundhede, Thomas Hedemark, Jacobsen, Jette Bredahl, Jellesmark, Bo   +5 more
openaire   +3 more sources

Spline Smoothing for Estimating Hedonic Housing Price Models

2015
The exact prediction of housing selling prices is a relevant issue for real estate market, also to evaluate alternative forms of financial investment. In this paper a hedonic price function built through a semiparametric additive model is implemented.
Vincenzo Del Giudice, Benedetto Manganelli, Pierfrancesco De Paola   +2 more
openaire   +4 more sources

Hedonic Price Models for Dynamic Markets*

Oxford Bulletin of Economics and Statistics, 2006
AbstractThe price of a product depends on its characteristics and will vary in dynamic markets. The model describes a processing firm that bids in an auction for a heterogeneous and perishable input. The reduced form of this model is estimated as an expanded random parameter model that combines a nonlinear hedonic bid function and inverse input demand ...
Dadi Kristofersson, Kyrre Rickertsen
openaire   +1 more source

The Characteristics Model, Hedonic Prices, and the Clientele Effect

Journal of Political Economy, 1988
In this paper, the characteristics model of Lancaster is reconsidered. It is shown by example that equilibrium prices need not be linearly decomposable. It does follow that equilibrium prices must be a convex function of characteristics, however. Further, it is shown that this fact holds independent of the form of firm competition (e.g., perfect or ...
openaire   +1 more source