Entropy Methods for Identifying Hedonic Models This paper contributes to the literature on hedonic models in two ways. First, it makes use of Queyranne’s reformulation of a hedonic model in the discrete case as a network flow problem in order to provide a proof of existence and integrality of a hedonic equilibrium and efficient computational techniques of hedonic prices. Second, elaborating on ...

in spain, camping accommodation accounted for 6.32% of total tourism accommodation and 8.2% of overnight stays in 2007. there were 1,152 registered campsites which provided lodging for almost 6.4 million users. although these figures are higher than those of rural accommodation, few studies have analyzed the main attributes of this sector and their contribution to the development of spanish tou...

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...

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...

The paper investigates the implications of hedonic pricing of components, with an application to the dynamics of dairy product prices. A conceptual model of hedonic pricing is developed under a Leontief technology, showing how commodity prices reflect the underlying value of their components. Implications for the existence of cointegration relationships among commodity prices are derived. An ap...

The main purpose of this research is the calculation of implicit prices of the environmental level of air quality in the city of Moscow on the basis of housing property prices. The database used contains records of approximately 20 thousand apartments and has been provided by a leading real estate agency operating in Russia. The explanatory variables include physical characteristics of the hous...