While the CPI may have overstated inflation in the mid-1990s by about one percent per year, as concluded by the Boskin Commission, it does not make sense to extrapolate that rate of bias backwards over long periods of time. The "Hulten-Bruegel paradox" shows that any such exercise in backward extrapolation yields levels of real consumption two or four centuries ago that are implausibly low, bar...

With the experiential turn in Human–Computer Interaction (HCI), academics and practitioners broaden their focus from mere task-fulfillment (i.e., the pragmatic) to a holistic view, encompassing universal human needs such as relatedness or popularity (i.e., the hedonic). Accordingly, many theoretical models of User Experience (UX) acknowledge the hedonic as an important aspect of a product’s app...

Sensory preferences for fat in foods are influenced both by subject characteristics and by the nature of the food stimulus. Hedonic responses to sugar/fat mixtures depend on strong interactions between perceptions of the two ingredients, including tactile as well as gustatory effects. Fat-containing liquid and solid foods, and dessert-type sugar/fat mixtures produce different hedonic response p...

Using daily price data collected from a leading price comparison website, this paper empirically examines the role of vertical store differentiation on firms’ equilibrium pricing strategies in a clearinghouse model. By allowing for different quality levels across firms the theoretical model used for estimation generates asymmetric pricing strategies. Our estimates show that observable store eff...

The hedonic benefit of a gain (e.g., receiving $100) may be increased by segregating it into smaller units that are distributed over time (e.g., receiving $50 on each of 2 days). However, if these units are too small (e.g., receiving 1 cent on each of 10,000 days), they may fall beneath the person's hedonic limen and have no hedonic benefit at all. Do people know where their limens lie? In 6 ex...

the main objective of this article is to present a comparative study of capital assets pricing models (capm) with extrapolating capital assets pricing models (x-capm) of companies admitted in tehran exchange market which is accomplished for the first time by investigators of this research in iran. accordingly, the statistical population under study of this research includes all companies admitt...

This study examines the effect of road and railway noise on property prices. It uses the hedonic regression technique on a Swedish data set that contains information about both road and railway noise for each property, and finds that road noise has a larger negative impact on the property prices than railway noise. This is in line with the evidence from the acoustical literature which has shown...

Drawing on a data set containing 371,082 observations on new and used cars from 2008, this study employs a hedonic model to estimate the determinants of prices in the primary and secondary car markets in Germany. We are specifi cally interested in identifying those vehicle attributes that are responsible for retaining the car’s value in the used car market. Beyond parameterizing the infl uence ...

This paper measures the optimal prices of football tickets and investigates pricing strategy first-division teams in Spanish league during 2018/2019 season. The develops a dual hybrid model supply demand based on hedonic price approach. Fans have multiple motivations to attend stadium, such as quality opposing teams, pre-match qualifying position, schedule, day match, stadium facilities, atmosp...

This article analyzes auctions that can feature two bidding rounds for the sale of a single good. In the first round the seller, after analyzing the received bids, may elect to have k bidders rebid. The highest bidder in the second round receives the asset at the highest bid price. We use a sample of 67 properties that sold through this auction process. The 40 hotels in this sample are matched ...