The literature on art auctions has overlooked the market for classical music manuscripts and this paper explores, for the first time, the determinants of “hammer” prices for about 360 classical music manuscripts auctioned at Sotheby’s (London) during the 1998-2009 period. We use hedonic price regressions in order to explain the price of classical music manuscripts by several characteristics. Th...

The appropriateness of the Analytical Hierarchy Process (AHP) technique to analyze consumers’ acceptance of eggs was assessed for the first time and compared with the traditional 9-point hedonic scale. In addition, the relative importance of egg attributes (egg type: regular, free-range, enriched with omega-3; egg size: small, medium, large; origin: local, regional, other Spanish origin; and pr...

The present paper attempts to bring further evidence on the behavioral gap for organic food in Britain. The stated preferences are analyzed with the contingent valuation method while the revealed preferences are estimated with the hedonic pricing method. We find a small but significant gap in the premium for organic food between stated and revealed preferences. This gap may suggest a need for p...

Hedonic house price models typically impose a constant price structure on housing characteristics throughout an entire market area. However, there is increasing evidence that the marginal prices of many important attributes vary over space, especially within large markets. In this paper, we compare two approaches to examine spatial heterogeneity in housing attribute prices within the Tucson, Ar...

This paper applies hedonic and quasi-experimental methods to measure the value of any disamenity caused by communication antennas. We take advantage of a rich dataset of residential housing sales that contains an extensive set of structural housing characteristics and precise location information to overcome endogeneity issues caused by unobservable characteristics that are correlated with the ...

This paper analyses hedonic pricing factors in the urban residential land market of Vienna. Considerable impacts of the underground network are to be found on residential land values. The accessibility of open space and shopping opportunities are among the major pricing factors of residential land markets. The socio-economic characteristics of the neighbourhood are also important. The connectio...

This paper investigates the occurrence of 'technology acceleration' across a range of information technologies. The prospect of technology was broached by Gordon Moore of Intel in 1965. His anecdotal 'law' – i.e. performance / price doubles every 18 months – has become received wisdom in many technology industries. Gilder popularized it as Moore’s law and proposed Gilder’s law and a number of s...

The popularity of the Internet facilitate virtual shopping as one convenience shopping choice for consumers. However, consumers would have different evaluation viewpoints on both shopping processes in term of emotions and shopping value. This study designed two scenarios (an virtual shopping website and a trial physical product) and adopted Consciousness-Emotions-Value (CEV) model to examine th...

Until recently the Consumer Price Index consisted solely of “matched model” component indexes. The latter are constructed by BLS personnel who visit stores and compare prices of goods with the same set of characteristics over successive periods. This procedure is subject to a selection bias. Goods that were not on the shelves in the second period, and hence whose price comparisons were discarde...