A need exists to increase both knowledge and recognition of the values associated with ecosystem services and amenities. This article explores the use of hedonic pricing as a tool for eliciting these values. We take a case study approach, valuing several services provided by ecosystems, namely aesthetic quality (views), access to outdoor recreation, and the benefits provided by tree cover in Da...

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...

Economic models for hedonic markets characterize the pricing of bundles of attributes and the demand and supply of these attributes under different assumptions about market structure, preferences, and technology (see Jan Tinbergen [1956], Sherwin Rosen [1974], and Dennis Epple [1987] for contributions to this literature). While the theory is well formulated and delivers some elegant analytical ...

Hedonic pricing is an indirect valuation method that applies to heterogeneous goods investigating the relationship between the prices of tradable goods and their attributes. It can be used to measure the value of irrigation water through the estimation of the model that describes the relation between the market value of the land parcels and its characteristics. Because many of the land parcels ...

This paper demonstrates that quality-contingent pricing is a useful mechanism for mitigating the negative effects of quality uncertainty in e-commerce and IT services. A contingency pricing contract specifies a sequence of possible quality levels and corresponding prices. The market estimates the firms performance at various quality levels based on historical statistics, and the firm may have a...

The study investigates consumers’ preference for cowpea reflected in the Nigerian markets through price discounts and premiums that consumers pay for different cowpea characteristics. The price data used for this study were obtained through a market survey. A common data collection protocol was employed. Every month, between October 2009 to December 2010, five cowpea samples per seller were bou...

The main objective of this work is to apply the hedonic pricing method using the methodology of spatial econometrics in order to assess the economic value of irrigation water, as one of the individual attributes of the value of agricultural land parcels. Most of the agricultural land’s value attributes, like neighbor characteristics as well as the availability of irrigation water, exhibit a spa...

The study investigates consumers’ preference for cowpea reflected in the Nigerian markets through price discounts and premiums that consumers pay for different cowpea characteristics. The price data used for this study were obtained through a market survey. A common data collection protocol was employed. Every month, between October 2009 to December 2010, five cowpea samples per seller were bou...