We argue that for the case of heterogeneous commodities with infrequent tradings, such as paintings, it is relevant to base a price index on hedonic regressions using all sales and not resales only. To support this conclusion we construct a price index for paintings by Impressionists and their followers and compare the various estimators using bootstrapping techniques. Published The Journal of ...

We consider fractional hedonic games, where self-organized groups (or clusters) are created as a result of the strategic interactions of independent and selfish players and the happiness of each player in a group is the average value she ascribes to its members. We adopt Nash stable outcomes, that is states where no player can improve her utility by unilaterally changing her own group, as the t...

Article history: Received 7 February 2006 Received in revised form 1 August 2006 Accepted 2 August 2006 The impact of climate change on tourism has been examined in terms of changes in a destination's climate; the impact of ancillary effects such as sea-level rise has been neglected. In this study the role that coastal and other landscape features have on the attractiveness of tourist destinati...

Chocolate campaigns in the United States have focused on the production of premier quality and healthy blend chocolate bars. We expect that merchandising efforts will offer a higher price for fruit or nut blend chocolates. Using online retail data from Amazon, eBay, and Walmart, we applied the hedonic function to estimate retailers offer price for a blended bar. The findings show that online re...

Aim of study: Focused on the coffee sector, purpose this paper was to determine implicit price paid for main sustainability certifications (Fairtrade, Organic, Rainforest Alliance and UTZ certifications) using hedonic approach.
 Area Spain.
 Material methods: The total sample included 645 coffees. characteristics were collected between months September October 2021 from packs sold in ...

Using a unique database of 85 ski resorts and 1,524 lifts and cable cars in Austria, we investigate the relationship between lift ticket prices for the 2005-2006 season and factors that influence the quality of ski resorts. We estimate a hedonic price function using OLS and robust regression techniques on length of ski runs, transport capacity (measured as vertical transport metres per hour), s...

This paper develops a new hedonic method for constructing a real estate price index that utilizes all transaction price information that encompasses both single-sale and repeat-sale properties. The new method is less prone to specification errors than standard hedonic methods and uses all available data. Like the Case-Shiller repeat-sales method, the new method has the advantage of being comput...

The Australian wine auction market is characterised by large variations in price between different vintages of the same wine, relative to the initial release prices of those wines. This paper addresses the question: to what extent can we anticipate the future price of such icon wines from information available at the time of release? A hedonic model is estimated to explain the variation in pric...

We model a hedonic price function for housing as an additive nonparametric regression. Estimation is done via a back ̄tting procedure in combination with a local polynomial estimator. It avoids the pitfalls of an unrestricted nonparametric estimator, such as slow convergence rates and the curse of dimensionality. Bandwidths are chosen via a novel plug in method that minimizes the asymptotic mean...

This paper develops a new hedonic method for constructing a real estate price index that utilizes all transaction price information that encompasses both single-sale and repeat-sale properties. The new method is less prone to specification errors than standard hedonic methods and uses all available data. Like the Case-Shiller repeat-sales method, the new method has the advantage of being comput...