scholarly journals On Estimating Household Demand for Outdoor Recreation from Property Values: An Exploration

1989 ◽  
Vol 18 (2) ◽  
pp. 140-148 ◽  
Author(s):  
Steven F. Edwards
Keyword(s):  
Outdoor Recreation ◽  
Property Values ◽  
Hedonic Price ◽  
Travel Costs ◽  
Hedonic Price Analysis ◽  
Total Surplus ◽  
Recreational Area ◽  
Price Analysis ◽  
The Cost ◽  
Property Markets

This paper explores how hedonic price analysis might be used to estimate the surplus benefits of local outdoor recreation when distance to the recreational site is captured in property values. The model is characterized by the endogenous choice of distance to a local recreational area by households in coastal property markets and by the capitalization of proximity in property values. Equilibrium occurs when the reduction in the cost of a property due to a marginal increase in distance to the recreational area equals the associated loss in recreational surplus resulting from increased travel costs. The theoretical model is applied in an exploratory analysis of the “demand” for distance to the nearest public beach from which total surplus benefits are estimated.

Hedonic Analysis of Impacts of Traffic Volumes on Property Values

2005 ◽  
Vol 1924 (1) ◽  
pp. 69-75 ◽  
Author(s):  
Kazuya Kawamura ◽  
Shruti Mahajan
Keyword(s):  
Property Values ◽  
Model Specification ◽  
Hedonic Price ◽  
Property Value ◽  
Passenger Cars ◽  
Data Set ◽  
Hedonic Price Analysis ◽  
Traffic Characteristics ◽  
Traffic Volumes ◽  
Price Analysis

This research attempts to quantify the cumulative impacts of vehicle traffic, both passenger cars and trucks, by using the hedonic price analysis of the relationship between property values and the traffic along selected arterial corridors in Chicago, Illinois. The traffic characteristics are derived from the traffic counts data obtained from the City of Chicago and include average daily traffic, maximum daily peak, and nighttime volumes, calculated separately for trucks and for total traffic. Autoregressive models, with assessed property value as the dependent variable and traffic characteristics along with other determinants of property value as the independent variables, are constructed. The models include a spatial-lag term to control for the spatial autocorrelation and are estimated using the two-stage least squares. The regression results from the final models suggest that although the characteristics for total traffic have modest but statistically significant impact on property values, the traffic characteristics for trucks are statistically insignificant. Also, the strong evidence of spatial dependence in the data set underscores the importance of paying close attention to the model specification and controlling the autocorrelation in the hedonic price analysis.

scholarly journals Gluten-Free Products: From Dietary Necessity to Premium Price Extraction Tool

Nutrients ◽  
2019 ◽  
Vol 11 (9) ◽  
pp. 1997 ◽  
Author(s):  
Maria Teresa Gorgitano ◽  
Valeria Sodano
Keyword(s):  
Public Support ◽  
Gluten Free ◽  
Hedonic Price ◽  
Shelf Space ◽  
Free Products ◽  
Hedonic Price Analysis ◽  
Italian National Health Service ◽  
Premium Price ◽  
Price Analysis ◽  
The Cost

Every year, the Italian National Health Service (NHS) provides about 200,000 celiac people (based on 2017 data) living in Italy with financial support of about 250 million euro to cover the cost of their specific dietary constrains. The existence of gluten-free products of high quality and affordable price is very important for the quality of life of celiac people and the sustainability of public support. Over the last decade, the market for gluten-free products has experienced a dramatic surge, with an increasing shelf space dedicated to these products in supermarkets, and a large variety of products both in terms of kind of agricultural inputs and processing and packaging methods. This study aimed at assessing the offer of gluten-free (GF) pasta in Italian supermarkets, with respect to its ability to meet the needs of celiac people in terms of variety, prices and safety. A hedonic price analysis was performed. Results indicated that GF pasta is sold only in 44% of the 212 stores of the sample, with a price equal to more than twice that of conventional pasta. A premium price was found for the following attributes: small packages, brands specialized in GF products, content in fiber and the presence of quinoa as ingredient.

A Hedonic Price Analysis of the Outfitter Market for Trout Fishing in the Rocky Mountain West

2012 ◽  
Vol 17 (6) ◽  
pp. 446-462 ◽  
Author(s):  
Heidi M. Pitts ◽  
Jennifer A. Thacher ◽  
Patricia A. Champ ◽  
Robert P. Berrens
Keyword(s):  
Rocky Mountain ◽  
Hedonic Price ◽  
Hedonic Price Analysis ◽  
Rocky Mountain West ◽  
Mountain West ◽  
Price Analysis
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