Thus, the nature of the premium may influence the reactions of consumers when participating in promotional actions.Originality/value - The research extends the factors that may explain the effectiveness of premium promotions, since few studies to date have focused on the hedonic or utilitarian nature...
Key Words: wine, vineyard, hedonic price analysisThe Value of Terroir: Hedonic Estimation of Vineyard Sale Prices We examine the value of terroir, which refers to the special characteristics of a place that impart unique qualities to the wine produced. We do this by conducting a hedonic analysis...
Traditional cross-sectional estimates of hedonic price functions theoretically can recover marginal willingness to pay for characteristics, but face endogeneity problems when some characteristics are unobserved. To help overcome such problems, economists have introduced differencein-differences and other quasi-...
Assessed value corresponded by governmental agencies is used to calculate the value of the property for tax purposes. Conversely, market value refers to price of asset on the open market. Hedonic price model, which was firstly introduced by Rosen (1974), has been applied to examine the relations...
Studies on physico-chemical parameters of cashew (Anacardium occidentale L.) apple for value addition The cashew apple production in India is estimated to be 65 lakh tones per year but less than 10% of it is processed inspite of possessing all nutritional a... M Mirdha,K Sethi,PK Panda,...
The deviation rises in absolute value with the square root of the trading cost and with the standard deviation of residual returns, and it is unrelated to the covariance of the futures price with producers' nonmarketable wealths. The residual-risk premium depends not on the total magnitude of ...
methods leads to very different values of a chop's attributes. In particular, chop marbling has a negative marginal value based on photographs, but a positive value based on consumer tasting. A chop's size and color tend to display similarly inconsistent marginal values across presentation formats...
The transaction dates are adjusted using the average price change rate, converting each transaction’s unit price into the valuation time point’s value. During the exploratory data analysis, we evaluate the significance of each independent variable using p-values and address potential collinearity by...
Keywords: durum wheat dried pasta; hedonic price model; implicit prices Graphical Abstract 1. Introduction Dried pasta made from durum wheat is one of the most consumed wheat-based foods worldwide due to its sensorial properties, nutritional value, affordability, and extended shelf life at room ...
For the home price example, the price of the home would be analyzed based on independent variables, such as distance from a park. With that, the result would appear something along the lines of: For every mile closer to a park, the home value increases by $10,000. ...