Drawing on a data set containing 371,082 observations on new and used cars from 2008, this study employs a hedonic model to estimate the determinants of prices in the primary and secondary car markets in Germany. We are specifi cally interested in identifying those vehicle attributes that are responsible for retaining the car’s value in the used car market. Beyond parameterizing the infl uence ...

This article analyzes auctions that can feature two bidding rounds for the sale of a single good. In the first round the seller, after analyzing the received bids, may elect to have k bidders rebid. The highest bidder in the second round receives the asset at the highest bid price. We use a sample of 67 properties that sold through this auction process. The 40 hotels in this sample are matched ...

Quality in use is comprised of two seemingly different though interlocking concepts: usability and user experience. Consequently, complementary evaluation of pragmatic and hedonic attributes could significantly affect the acceptance of software applications. However, in the context of Web 2.0 applications this topic has still not attracted enough attention from the HCI community. Therefore we p...

Anhedonia, the loss of pleasure or interest in previously rewarding stimuli, is a core feature of major depression. While theorists have argued that anhedonia reflects a reduced capacity to experience pleasure, evidence is mixed as to whether anhedonia is caused by a reduction in hedonic capacity. An alternative explanation is that anhedonia is due to the inability to sustain positive affect ac...

Hedonic regression is a method used to determine the value of a good or service by breaking it down into its component parts. The value of each component is then determined separately through regression analysis. See Lancaster K [1], Griliches Z [2,3] and Diewert [4-6] for detail discussions on the development and application of hedonic prices. In addition, Moulton [7] provides a information on...

A hedonic technique for calculating the consumer price index for second-hand cars was introduced in May 2003. The hedonic technique adjusts for quality by using regression analysis to measure the impact of product features on sale price. In this manner price changes that are due to quality shifts in specific features can be separated mathematically from “pure” price changes and purged. The foll...

We investigate price finding of buyers and sellers of Internet domains. We develop a hedonic model for domain prices, controlling for differences in domain quality along multiple dimensions and test the model empirically on a large dataset of domain transactions observed at secondary domain markets. We document differences in the implicit prices for selected domain attributes across different t...

The development of the internet encourages emergence online stores in Indonesia. presence an store brings a new phenomenon or lifestyle among public buying fashion products, namely by shopping online. conducts to meet needs finding variations (variety seeking) and motivation hedonic (hedonic motivation) that can cause impulse products at stores. This study aims determine analyze effect dimensio...

The two primary approaches to estimate marginal willingness-to-pay (MWTP) are hedonic (Rosen, 1974) and discrete choice models (McFadden, 1974). This paper provides a tractable framework to investigate the relationship between MWTP in these models. By deriving the hedonic price gradient implicitly from the share function in the discrete choice model, I present an analytical mapping between the ...