An empirical analysis of housing price based on hedonic pricing theory: Evidence from Chengdu city

2015 ◽  
pp. 671-674
Keyword(s):  
Empirical Analysis ◽  
Housing Price ◽  
Hedonic Pricing ◽  
Pricing Theory

scholarly journals Evaluating the Impact of Floods on Housing Price Using a Spatial Matching Difference-In-Differences (SM-DID) Approach

2021 ◽  
Vol 13 (2) ◽  
pp. 804
Author(s):  
Jean Dubé ◽  
Maha AbdelHalim ◽  
Nicolas Devaux
Keyword(s):  
Housing Price ◽  
Hedonic Pricing ◽  
Environmental Amenities ◽  
Sale Price ◽  
Difference In Differences ◽  
Hedonic Pricing Model ◽  
The Difference ◽  
And Control ◽  
The Impact ◽  
The City

Many applications have relied on the hedonic pricing model (HPM) to measure the willingness-to-pay (WTP) for urban externalities and natural disasters. The classic HPM regresses housing price on a complete list of attributes/characteristics that include spatial or environmental amenities (or disamenities), such as floods, to retrieve the gradients of the market (marginal) WTP for such externalities. The aim of this paper is to propose an innovative methodological framework that extends the causal relations based on a spatial matching difference-in-differences (SM-DID) estimator, and which attempts to calculate the difference between sale price for similar goods within “treated” and “control” groups. To demonstrate the potential of the proposed spatial matching method, the researchers present an empirical investigation based on the case of a flood event recorded in the city of Laval (Québec, Canada) in 1998, using information on transactions occurring between 1995 and 2001. The research results show that the impact of flooding brings a negative premium on the housing price of about 20,000$ Canadian (CAN).

Evaluating the worth of nascent old vine cues for South African wines

2019 ◽  
Vol 32 (2) ◽  
pp. 283-300
Author(s):  
David Priilaid ◽  
Jonathan Steyn
Keyword(s):  
South African ◽  
Hedonic Pricing ◽  
Least Square ◽  
Data Set ◽  
Content Type ◽  
Ordinary Least Square ◽  
Extrinsic Cues ◽  
Pricing Theory ◽  
Grape Varieties ◽  
Marketing Material

Purpose In increasingly competitive markets, opportunities exist to meaningfully differentiate product offerings by cue signalling the claims of emergent categories. Therefore, and within the context of wine sales, the purpose of this study models the supply-led price importance of nascent, extrinsic old vine (OV) cues for South African wines to establish whether to what extent and how producers prioritise such nascent cues relative to more established extrinsic cues of worth. Design/methodology/approach A data set was compiled of 159 South African wines with OV category cues signalled on front labels, back labels or via marketing material. The play of contending cue variables was computed through an ordinary least square hedonic pricing model. Findings In addition to the contribution of established cues such as aggregated critic ratings, grape varieties and area of origin, this study confirms that vineyard age contributes significantly to wine price, particularly when signalled on back labels. Practical implications In price setting and positional models, such as brand extensions, the findings prove useful in understanding the inherent value of nascent cues and specifically vineyard age, relative to competing established wine cues of worth. Originality/value This study extends the wine pricing theory by validating the viability of nascent OV cues in the modelling of a wine’s value.

scholarly journals FACTOR ANALYSIS ON HEDONIC PRICING MODEL ON OPEN SPACE AFFECTING THE HOUSING PRICE IN MELAKA AND SEREMBAN

2018 ◽  
Vol 16 ◽  
Author(s):  
M. Zainora Asmawi ◽  
Mohammad Abdul Mohit ◽  
Noorzailawati Mohd Noor ◽  
Alias Abdullah ◽  
Tuminah Paiman
Keyword(s):  
Factor Analysis ◽  
Open Space ◽  
House Price ◽  
Housing Price ◽  
Hedonic Pricing ◽  
Residential Area ◽  
Pricing Model ◽  
Kuala Lumpur ◽  
Hedonic Pricing Model ◽  
The Relationship

Open spaces near residential area often labelled as development constraint since each residential development must provide 10 percent of open space from the total acreage according to Malaysia planning guidelines. Kuala Lumpur has noticeable lost in open space in residential area and this issue might happen with other neighbourhood states such as Negeri Sembilan and Melaka. Therefore, the purpose of this study is to find the resident perspective on the importance of open space while purchasing their housing property. As such, the aim of the research is to study and examine the characteristics of relationship between public openspaces and residential property value using GIS-Hedonic pricing modelling in the selected residential area in Seremban and Melaka. To find the gist of this study, factor analysis has been used to sum the hedonic pricing model output. Seremban and Melaka respondents have chosen the Importance of the House attributes in influencing the house price and Importance of open space following factors in influencing the house price. The research examined the relationship between the open space and house price at selected area in Seremban and Ayer Keroh. As found in the literature reviews, it validates that the relationship established in a positive pattern.

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