Do homeowners prefer living in an area with a more equal distribution of income? We answer this question by estimating a nonparametric hedonic pricing model for about 90,000 housing units transacted in Hong Kong between 2005 and 2006. We first identify a hedonic price function by locally regressing the rental price of the housing unit on its intrinsic and neighborhood characteristics, one of wh...

A curious phenomenon in the retail pricing of many product categories (e.g., tuna, frozen orange juice, tomato paste) is the existence of quantity surcharges. A related curiosity is the existence of both discounts and surcharges within the same product category. To explain the former phenomenon, previous researchers invoke heterogeneity in consumption parameters (Gerstner and Hess 1987), hetero...

The goal of investors in the hotel business is to maximize profits, and price an important means achieving this goal. This has attracted many scholars study spatiotemporal relationship between room prices their possible influencing factors from different perspectives. However, most existing studies adopt linear assumption hedonic model, with limited features a lack feature selection procedures....

Abstract This article presents a meta-analysis based on 727 estimates from 83 hedonic pricing studies to provide new insights the effects of waste sites residential property values. Relative previous meta-analyses this subject, are corrected for publication bias and ability meta-regression model produce reliable benefit-transfer is assessed. Proximity severely contaminated has supremely negativ...

Abstract As the number of homes located in condominiums increases, investigations should be promoted to determine implied price additional amenities over total property. This study evaluated impact multi-attribute and construction variables on value Costa Rica, using a hedonic pricing model that influence price. Information from all provinces country was used importance studied. Through multipl...

The econometric and hedonic analysis offers reliable input in property valuation, primarily for economic studies the country’s revenue. However, lack of spatial reliability statistical has become a serious debate among researchers. This research is carried out to review current trend pattern literature visualize network authors, countries, keywords applied valuation by emphasizing application u...

Using contract and player statistic data for Major League Baseball free agents, this paper estimates the relative effects of player attributes on player salaries over different periods of time. Moneyball is the analytical, evidence-based approach to baseball, utilizing various statistics as an indicator of player performance. Estimating a hedonic pricing model, our results show a lasting impact...

This working paper presents a study to show the possible impact of fiber-based broadband service availability on real estate values. The research goal is to find out whether people are willing to pay more for real estate located in areas where fiber is available than for a property that does not offer this amenity. Using information from the National Broadband Map and county assessors’ data for...

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...