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Economic techniques to estimate the demand for sustainable products: a case study for fair trade and organic coffee in the United Kingdom AgEcon
Galarraga, Ibon; Markandya, Anil.
The hedonic approach is used in this paper to estimate how much is paid for the fair trade/organic characteristic of the coffee in the British market. This information is later combined with the Quantity Based Demand System (QBDS) model -developed by the authors- and the Almost Ideal Demand System (AIDS) (Deaton and Muellbauer, 1980) to completely determine the demand function for different coffees. The QBDS model is easier to handle and less data demanding than the AIDS model in this study. Resumen El presente artículo se basa en la utilización del método hedónico para la estimación de la cantidad que se paga por la característica de "Orgánico/Comercio Justo" del café en el mercado británico. La información obtenida se combina después con el modelo...
Tipo: Journal Article Palavras-chave: Demand systems; Hedonic method; Coffee demand; Labelling; C13; C21; D12.
Ano: 2004 URL: http://purl.umn.edu/28732
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Meta-Functional Transfer of Hedonic Property Values: Application to Great Lakes Areas of Concern AgEcon
Braden, John B.; Feng, Xia; Freitas, Luiz; Won, DooHwan.
This paper explores the use of functional benefits transfer to forecast the effects of waste sites on property values. The results of a meta-analysis of hedonic studies of waste sites are coupled with spatial analysis techniques to produce estimates of the effects of toxic contamination in Areas of Concern (AOCs) in the U.S. Great Lakes. Based on U.S. Census data for median home values, the methods used here suggest that approximately $5.2 billion (2005 dollars) have been lost in residential property values surrounding twenty-three of the AOCs. This compares to estimates that place the cost of remediation of all U.S. AOCs at up to $4.5 billion (2005 dollars). The case study also identifies issues surrounding the use of a meta-analysis with hedonic property...
Tipo: Journal Article Palavras-chave: Benefits transfer; Meta-analysis; Hedonic method; Property values; Great Lakes; Areas of Concern; Environmental Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/59339
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