scholarly journals The Hedonic Regression Time-Dummy Method and the Monotonicity Axioms

2005 ◽  
Vol 23 (4) ◽  
pp. 485-492 ◽  
Author(s):  
Daniel Melser
Keyword(s):  
Hedonic Regression ◽  
Monotonicity Axioms

Effects of Players’ Nullification and Equal (Surplus) Division Values

2018 ◽  
Vol 20 (01) ◽  
pp. 1750029 ◽  
Author(s):  
Takumi Kongo
Keyword(s):  
The Other ◽  
Equal Division ◽  
Transferable Utility ◽  
Tu Games ◽  
Axiomatic Characterizations ◽  
The Difference ◽  
Monotonicity Axioms ◽  
Equal Surplus Division

We provide axiomatic characterizations of the solutions of transferable utility (TU) games on the fixed player set, where at least three players exist. We introduce two axioms on players’ nullification. One axiom requires that the difference between the effect of a player’s nullification on the nullified player and on the others is relatively constant if all but one players are null players. Another axiom requires that a player’s nullification affects equally all of the other players. These two axioms characterize the set of all affine combinations of the equal surplus division and equal division values, together with the two basic axioms of efficiency and null game. By replacing the first axiom on players’ nullification with appropriate monotonicity axioms, we narrow down the solutions to the set of all convex combinations of the two values, or to each of the two values.

scholarly journals Dynamics of Physical Capital in Artisanal Fisheries and Policy Implications

2020 ◽  
Vol 25 (2) ◽  
pp. 46
Author(s):  
Shekar Bose ◽  
Hussein Samh Al-Masroori ◽  
Salim Darwish Salim Al-Hasani
Keyword(s):  
Growth Rate ◽  
Capital Stock ◽  
Physical Capital ◽  
Policy Implications ◽  
Future Research ◽  
Artisanal Fisheries ◽  
Positive Trend ◽  
Hedonic Regression ◽  
Average Growth ◽  
Annual Fluctuation

The dynamics of physical capital stock and net investment in artisanal fisheries of Al-Seeb - a coastal fishing town of Muscat Governorate are examined covering the period 2004-2013 . Data were gathered from two sources namely the Ministry of Agriculture and Fisheries and field survey. A hedonic regression model is used to examine the influence of boat characteristics on the boat acquisition prices and then to derive the growth rate of physical capital stock. Boat characteristics comprising of ‘age’, ‘horsepower (hp)’ and ‘length (vl)’ are found to be statistically significant at the 5% level and carry sign consistent with the economic theory of depreciation and cost respectively. While inter-annual fluctuation of net investment is observed, a positive trend in cumulative investment with an average growth rate of 7.63% is experienced in the fishery during 2004-2013. A crude assessment of the operating costs and the gross revenue of surveyed boat-owners in 2015 showed that on average monthly economic profit of 570.97±169.36SD OMR was received by individual boat-owner which complements the positive trend in cumulative investment.These findings have important management and policy implications in relation to the effective management of harvesting capacity as well as attract investment in the fishery. Finally, some limitations of the study are discussed along with the indication of potential future research.

The Influence of Aircraft Noise on the Prices of Residential Properties on the Example of Poznań

2021 ◽  
Vol 23 ◽  
pp. 263-278
Author(s):  
Cyprian Chwiałkowski ◽  
Adam Zydroń
Keyword(s):  
Significant Influence ◽  
Aircraft Noise ◽  
Fourth Quarter ◽  
Hedonic Regression ◽  
Property Market ◽  
Transaction Prices ◽  
Residential Properties

The article analyses the influence of aircraft noise on the transaction prices of residential premises within the Poznań property market. The paper analyses the set of properties, subject to the transaction from the first to the fourth quarter of 2020. In total, 1550 properties were examined. The study defined basic attributes of all premises, exhibiting the most significant influence on their price. The research conducted using the hedonic regression allowed for the identification of crucial evidence that aircraft noise negatively affects the property transaction prices.

A Bayesian Dynamic Hedonic Regression Model for Art Prices

2019 ◽  
Author(s):  
Urbi Garay ◽  
Gavino Puggioni ◽  
German Molina ◽  
Enrique ter Horst
Keyword(s):  
Regression Model ◽  
Hedonic Regression ◽  
Art Prices
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