T existence and persistence of price dispersion for identical products in online markets have been welldocumented in the literature. Possible explanations of this price dispersion, derived mainly using hedonic price models, have seen only modest success. In this paper, we propose a competitive model based on online retailers’ differentiation mainly in service provided and recognition enjoyed to...

Sections of this material may be reproduced for personal and not-for profit use without the express written permission of but with acknowledgment to IFPRI. To reproduce the material contained herein for profit or commercial use requires express written permission. To obtain permission, contact the Communications Division at [email protected]. ABSTRACT The paper extends the household hed...

This article examines the effect on price of different characteristics of holiday hotels in the sun-andbeach segment, under the hedonic function perspective. Monthly prices of the majority of hotels in the five major tourist regions in the Spanish continental Mediterranean coast were gathered from May to October 1999, from the tour operator catalogues. Hedonic functions are specified as random-...

Statistical offices use the matched models method to compile consumer price indices (CPIs) to measure inflation. Price collectors record the prices of a sample of models or varieties of selected products existing in period t, and then continue to record the prices of these same matched models in subsequent periods t+n. The matched models method is designed to control for quality changes by ensu...

Executive Summary This study assesses of the effect that onshore wind turbines have on nearby property values in Rhode Island. The state of Rhode Island established the RIWINDS program in 2006 to promote the development of wind energy in the state, with the goal of meeting 15% of the state's electrical consumption with wind energy. Yet progress towards that goal has been slow. Wind energy propo...

This work proposes a hedonic random field model to describe house selling prices over the period 2000– 2005 in Cedar Falls, Iowa. This real estate market presents two distinctive features that are not described by commonly used stationary Gaussian random field models: (a) the city encompasses within its limits a hog lot which acts as an externality, negatively affecting the selling price of nea...

• Data on home sales in periods of economic booms and recessions. Comparison results with hedonic models machine learning algorithms. Explainablity Machine Learning models. Two sets modelling tools are used to evaluate the precision housing-price forecasts: regression. Evidences prediction capacity a range methods points superiority random forest as it can calculate real-estate values an error ...

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...

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 research presented here consists of two essays that describe applications of nonmarket valuation techniques to current land use issues. The individual studies were designed to address important methodological and policy issues, respectively. In the first essay, Geographic Infornlation System (GIs) data are used to develop variables representing the physical extent and visibility of surround...