We consider a class of coalition formation games called hedonic games, i.e., games in which the utility of a player is completely determined by the coalition that the player belongs to. We first define the class of subset-additive hedonic games and show that they have the same representation power as the class of hedonic games. We then define a restriction of subset-additive hedonic games that ...

The emergence of COVID-19 and the consequent travel restrictions have led to a decrease in patronage hotel services nearly all economies world. In this circumstance, location attributes become even more important pricing investment decision-making. It is interesting see how plays out emerging such as Ghana. study assesses effect on during pandemic period Tamale. A sequential mixed research desi...

Consider a nonseparable model Y = R(X,U) where Y and X are observed, while U is unobserved and conditionally independent of X. This paper provides the first nonparametric test of whether R takes the form of a transformation model, meaning that Y is monotonic in the sum of a function of X plus a function of U . Transformation models of this form are commonly assumed in economics, including, e.g....

Mortgage payment protection insurance (hereafter MPPI) provides varying combinations of accident, sickness and unemployment insurance and is used to protect the mortgage payments of policyholders in the event of a fall in income. Despite alleviating many housing market failures, this service has been heavily criticised for providing poor value for money and for being associated with unhelpful s...

VALUING NATURAL SPACE AND LANDSCAPE FRAGMENTATION IN RICHMOND, VIRGINIA By Lee. Wyatt Carpenter A Thesis submitted in partial fulfillment of the requirements for the degree of Master of Science, Environmental Studies, Virginia Commonwealth University. Virginia Commonwealth University, 2016 Major Professor: Clifford J. Fox, Ph.D. Adjunct Faculty, Center for Environmental Studies Hedonic pricing ...

Homeowners mitigate potential hurricane losses by purchasing insurance and structural improvements. We construct and parameterize a model of optimal homeowner choice for a representative property in Wilmington, N.C., a hurricane prone region. Given existing insurance policies, National Weather Service location-specific hurricane strike probabilities, structural improvement costs, and an existin...

The study compares gross revenues from modern rice varieties and landraces and valuates different useful traits of rice landraces to demonstrate an empirical methodology for biodiversity valuation. A sample of 200 rice growers in hills and plain area was surveyed for commercialization of agro-biodiversity project. For estimating the value put by the consumers on different rice traits a hedonic ...

Discusses the implications of the economic valuation of natural resources used for tourism and relates this valuation to the concept of total economic valuation. It demonstrates how applications of the concept of total economic valuation can be supportive of the conservation of natural resources used for tourism. Techniques for valuing tourism’s natural resources are then outlined and criticall...

The efFect of greenways on surrounding residential property values remains somewhat of an unknown quantity. Though several studies have ascertained that nearby residents tend to view greenways as positive or neutral amenities that increase or have no discernible impact on property values and saleability, these results are mostly based on anecdote rather than actual market data. Using the hedoni...

Hedonic hotspots are brain sites where particular neurochemical stimulations causally amplify the hedonic impact of sensory rewards, such as "liking" for sweetness. Here, we report the mapping of two hedonic hotspots in cortex, where mu opioid or orexin stimulations enhance the hedonic impact of sucrose taste. One hedonic hotspot was found in anterior orbitofrontal cortex (OFC), and another was...