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A Hedonic Pricing Model for German Wine AgEcon
Schamel, Guenter.
We develop a hedonic pricing model for German quality wine. Quality indicators for 4,141 wines are sensory awards received at the annual German wine competition and the legally required quality category as well as a set of control variables including regional origin, color, style, and their age at the time of judging. The data confirms that sensory quality awards have a significant and positive price impact. Moreover, we estimate significant relative differences between quality categories, growing regions and most of the control variables.
Tipo: Journal Article Palavras-chave: Wine; Hedonic pricing models; Reputation; Consumer/Household Economics; Demand and Price Analysis; Marketing.
Ano: 2003 URL: http://purl.umn.edu/97975
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Alfalfa Hay Quality and Alternative Pricing Systems AgEcon
Hopper, Jared A.; Peterson, Hikaru Hanawa; Burton, Robert O., Jr..
Price-quality relationships for alfalfa hay were analyzed by hedonic pricing models using 1996-2001 Wisconsin auction data. Individual nutrients included in the analysis all affected alfalfa price, with acid detergent fiber accounting for the largest impact. Alternative pricing models, based on an aggregate quality index or detailed quality information, were similar in their ability to predict price. However, disaggregating price predictions to account for differences in relative feed value (RFV) and crude protein (CP) indicate that both RFV and CP are important determinants of price and that aggregating the two into a quality index is not warranted.
Tipo: Journal Article Palavras-chave: Aggregate index; Alfalfa; Auction data; Hedonic pricing models; Quality; Q11.
Ano: 2004 URL: http://purl.umn.edu/43462
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Expert Opinion versus Transaction Evidence: Using the Reilly Index to Measure Open Space Premiums in the Urban-Rural Fringe AgEcon
Cotteleer, Geerte; Stobbe, Tracy; van Kooten, G. Cornelis.
Due to economic and population growth farmland and to a lesser extend other undeveloped areas are under pressure in the urban-rural fringe in British Columbia, Canada. The objectives of this paper are to determine if residential property values near Victoria, BC include open-space premiums for farmland, parks or golf courses, and to determine if using assessed values instead of market prices of the property result in the same findings. We estimate a Seemingly Unrelated Regression (SUR) model with two hedonic pricing equations, one with actual market values as the dependent variable and one with assessed property values, and compare the resulting estimates of shadow prices for open space amenities. Furthermore, we take account of spatial autocorrelation and...
Tipo: Working or Discussion Paper Palavras-chave: Hedonic pricing models; Spatial dependence; Assessed property values; Open space; Community/Rural/Urban Development; Land Economics/Use; R14; R52; C21; Q20; H23.
Ano: 2008 URL: http://purl.umn.edu/37085
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EXPERT OPINION VERSUS TRANSACTION EVIDENCE: USING THE REILLY INDEX TO MEASURE OPEN SPACE PREMIUMS IN THE URBAN-RURAL FRINGE AgEcon
Cotteleer, Geerte; Stobbe, Tracy; van Kooten, G. Cornelis.
Due to economic and population growth farmland and to a lesser extend other undeveloped areas are under pressure in the urban-rural fringe in British Columbia, Canada. The objectives of this paper are to determine if residential property values near Victoria, BC include open-space premiums for farmland or parks or both, and to determine if using assessed values instead of market prices of the property result in the same findings. We estimate a SUR (Seemingly Unrelated Regression) model with two hedonic pricing equations, one with actual market values as the dependent variable and one with assessed property values, and compare the resulting estimates of shadow prices for open space amenities. Furthermore, we take account of spatial autocorrelation and...
Tipo: Conference Paper or Presentation Palavras-chave: Hedonic pricing models; Assessed property values; Value of open space; Geographical Information System; Reilly; GMM; Spatial dependence; Community/Rural/Urban Development; Land Economics/Use; Research Methods/ Statistical Methods.
Ano: 2008 URL: http://purl.umn.edu/6705
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Farmland Conservation in the Netherlands and British Columbia, Canada: A Comparative Analysis Using GIS-Based Hedonic Pricing Models AgEcon
Cotteleer, Geerte; Stobbe, Tracy; van Kooten, G. Cornelis.
As a result of urban development farmland in many countries is under pressure. Reasons to preserve farmland are related to cultural heritage, food safety, open space, the environment, but also slowing and restricting development is a reason. To protect farmland countries use different land use policies. This paper will look specifically at two jurisdictions: The Netherlands and a particularly rich farming area in British Columbia, Canada. For these areas we will investigate how the institutions and laws present in these jurisdictions contribute to agricultural land preservation. We will analyse farmland values in a GIS-based hedonic pricing framework to answer this question. This combination enables us to analyse direct impacts of laws and regulations...
Tipo: Working or Discussion Paper Palavras-chave: Hedonic pricing models; Zoning policies; Geographical Information System; Agricultural land values at the urban fringe; Agricultural and Food Policy; Environmental Economics and Policy; Land Economics/Use; Q10; Q15; R52.
Ano: 2007 URL: http://purl.umn.edu/37045
Registros recuperados: 5
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