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Abstract This paper sketches a model of product differentiation according to the hedonic hypothesis that is based on the theory of consumer behavior of Lancaster (1971). Lancaster suggested that utility is derived from the characteristics of the good and not the good itself. Thus, from the perception of the consumer, every characteristic has a price. This is the hedonic (or implicit) price. We ...

In real estate valuation techniques and housing market research, prices are often analyzed using The Hedonic model based on factors that affect prices. shows the determinants of in Hanoi this article use 240 observations. variables have greatest influence location property, area land, house, distance from property to city center, street frontage.

Using two-stage Rosen’s model, this evaluation aims to deduce the implicit prices of coral-reef fish species most commonly encountered in road-side market Moorea (French Polynesia) during 2014–2015, from bundles species, called tuis. Index value are calculated which vary, all else equal, between 33% (Selar) and 137% (Acanthurus) price reference (Scarus). Estimating translogarithmic specificatio...

We examine the impact of cell phone base stations on prices of condominiums in Hamburg, Germany. This is the first hedonic pricing study on this subject for real estates in Europe and the first worldwide which examines the price impact of base stations within a whole metropolis. We distinguish between individual masts and groups of masts. Based on a data set of over 1,000 base stations set up i...

We examine the link between highways and urban development by employing both hedonic analysis and multiple sales techniques to study the impact of the construction of toll roads in Orange County, California, on house prices. Urban economic theory predicts that if highways improve accessibility, that accessibility premium will be reflected in higher land prices. Our empirical analyses of house s...