We examine the value of terroir, which refers to the special characteristics of a place that impart unique qualities to the wine produced. We do this by conducting a hedonic analysis of vineyard sales in the Willamette Valley of Oregon to ascertain whether site attributes, such as slope, aspect, elevation, and soil types, or designated appellations are more important determinants of price. We f...

The literature on art auctions has overlooked the market for classical music manuscripts and this paper explores, for the first time, the determinants of “hammer” prices for about 360 classical music manuscripts auctioned at Sotheby’s (London) during the 1998-2009 period. We use hedonic price regressions in order to explain the price of classical music manuscripts by several characteristics. Th...

This study uses the 2004 ACNielsen Homescan panel data to estimate the price premiums and discounts associated with fresh tomatoes among regional markets, focusing on the organic attribute. The results suggest that consumers paid $0.25/lb more for organic fresh tomatoes in the New York–Philadelphia market. The organic premiums are estimated to be $0.14/lb in the Chicago–Baltimore/Washington and...

Theorists have traditionally considered the effects of single rather than multiple landscape attributes on property prices, and ignored interaction between landscape-specific housing attributes. The aim this paper is to analyze hedonic prices compare two key Seventeen are used build a hedonic-pricing model with five dimensions: structure, neighborhood community, location, environment, time. A s...

The study aims to determine the factors that cause differentiation of house prices and rents according different locations settlements in Erzurum. As area, three regions with highest housing density Erzurum were determined: city centre (Yakutiye), urban development area (Palandöken) satellite settlement (Aziziye). hedonic price analysis method was used analyse prices. Within scope study, buildi...

Using daily hedonic housing price index for five Australian capital cities, we document a negative relationship between prior COVID-19 cases and returns. Specifically, the return drop by 0.35 basis points or 1.26 percentage annually every doubling of newly confirmed in state. We also examine effect government lockdown orders on returns find insignificant result. These findings are robust to usi...

The valuation of French Canadian paintings is analyzed empirically. Using a sample of auction prices for major French Canadian painters for the period 1968-2005, we run hedonic regressions to analyze the influence of various factors, including painter identity, on auction prices, as well as to construct a market price index. This index is used in a second stage analysis in which we analyze the ...

This paper examines the application of trading rules in testing informational efficiency in housing markets. The paper reviews and extends the work of Linneman (1986) and Londerville (1998) to an empirical analysis of Western Australian housing data. Whereas most previous studies have focused upon hedonic methods to predict future house prices, this study also incorporates repeat-sales data so ...