This paper gives the results of a semiparametric analysis of pollution effects on housing prices using the Boston Housing Data. The exposition introduces the basic ideas of modeling pollution impacts with hedonic price methods, discusses the standard log-linear model, and then introduces nonparametric estimation and semiparametric index models. We focus on the intuitive content and substantive ...

Price indexes are summary statistics meant to convey a comparison of prices at one time (or place) to another. The raw ingredients from which a standard price index is constructed are the ratios of the price of an item at one time period to the price of the same item at another. Goods which disappear after the initial time period, or first appear in the second, thwart constructing these ratios....

Abstract A hedonic model was employed to examine factors impacting feeder cattle prices at a monthly video auction in Tennessee. Home-raised were estimated have $2 per cwt. premium and that been tested for PI-BVDV (persistent infections with bovine viral diarrhea virus) sold of $1.19 We also show how price varies across sale months steers heifers, suggesting opportune times market gender-specif...

BACKGROUND Policymakers and researchers frequently compare the prices of medicines between countries. Such comparisons often serve as barometers of how pricing and reimbursement policies are performing. The aim of this study was to examine methodological challenges to comparing generic drug prices. METHODS We calculated all commonly used price indices based on 2013 IMS Health data on sales of...

In his inaugural presidential address to the Population Association of America in 1978, Richard Easterlin challenged the orthodox neoclassical economic model of fertility originally suggested by Becker and subsequently elaborated by Becker and Lewis. While maintaining an economic approach to fertility, Easterlin's model was based upon the notion of material aspirations which changed systematic...

Chocolate campaigns in the United States have focused on the production of premier quality and healthy blend chocolate bars. We expect that merchandising efforts will offer a higher price for fruit or nut blend chocolates. Using online retail data from Amazon, eBay, and Walmart, we applied the hedonic function to estimate retailers offer price for a blended bar. The findings show that online re...

Abstract: Stigma is a negative attribute of real estate acquired by the discovery of contamination and reflected in its value (Elliot-Jones, 1996). Using a theoretical model with external economies and adjustment costs, we show that both temporary stigma and permanent stigma are possible equilibrium outcomes after the discovery and cleanup of a hazardous waste site. The existence and duration o...

Wine market reveals some interesting truths about the pattern of international trade in differentiated goods. We examine a large sample of domestic and foreign wines sold in Slovenian supermarkets and specialized wine shops in 2009. In our sample, imported wine is on average more expensive and of better quality than domestic wine. Higher quality wines sell at higher prices and quality-adjusted ...

This paper identifies factors that explain the large variability in the price of voluntary carbon offsets. We estimate hedonic price functions using a variety of providerand project-level characteristics as explanatory variables. We find that providers located in Europe sell offsets at prices that are approximately 30% higher than providers located in either North America or Australasia. Contra...

With the decline of the traditional hukou system, migrants in China have a broad set of cities to choose from. Within an open system of cities, compensating differentials theory predicts that local real estate prices will reflect the marginal valuation of non-market local public goods. More polluted cities will feature lower real estate prices. But, local pollution may be caused by booming loca...