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1

Turner, Robert, Carlton M. Newton, and Donald F. Dennis. "Economic Relationships Between Parcel Characteristics and Price in the Market for Vermont Forestland." Forest Science 37, no. 4 (1991): 1150–62. http://dx.doi.org/10.1093/forestscience/37.4.1150.

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Abstract An implicit price model is used to analyze the market for forestland in Vermont. Data were collected on physical and locational characteristics associated with a sample of recent sales (100-500 ac tracts). Least squares regression was used to identify marginal implicit prices of the characteristics. More than 46% of the variation in price per acre was explained by the set of characteristics and all significant characteristics influenced the price in the expected direction. Parcel size had little effect on price per acre; however, the presence of road frontage, the presence of open lan
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2

Roy, Debarpita. "Housing demand in Indian metros: a hedonic approach." International Journal of Housing Markets and Analysis 13, no. 1 (2018): 19–55. http://dx.doi.org/10.1108/ijhma-04-2017-0041.

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Purpose This paper aims to understand housing demand of urban Indian households in terms of housing and household-level characteristics. Because a house is a bundle of certain characteristics which vary across houses, each characteristic has an implicit price. Finding this implicit price for certain important characteristics is the first objective of this study. The second objective of the paper is to compute the income elasticity and price elasticity of housing demand for these cities. Design/methodology/approach To achieve comparable estimates, household-level data from India’s National Samp
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Jordan, Jeffery L., R. L. Shewfelt, S. E. Prussia, and W. C. Hurst. "Estimating Implicit Marginal Prices of Quality Characteristics of Tomatoes." Journal of Agricultural and Applied Economics 17, no. 2 (1985): 139–46. http://dx.doi.org/10.1017/s0081305200025139.

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AbstractA hedonic price function is developed for estimating the implicit prices for selected quality characteristics of fresh tomatoes at three points in the marketing season. The estimation of this function, proposed as a method of evaluating changes in the post-harvest system, is accomplished using a flexible functional form. Those quality characteristics that most affect the price of tomatoes can help determine the economic feasibility of alternative handling techniques or new technologies.
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Jacobsen, Lina Fogt, Nora Mossing Krogsgaard-Jensen, and Anne O. Peschel. "Shopping in Reality or Virtuality? A Validation Study of Consumers’ Price Memory in a Virtual vs. Physical Supermarket." Foods 11, no. 14 (2022): 2111. http://dx.doi.org/10.3390/foods11142111.

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This study validates a VR supermarket as a research tool by studying the influence of the food shopping setting on consumers’ price memory—an important antecedent for price comparisons in the purchase situation. In a quasi-experiment, two groups of consumers were given a shopping task in either a physical supermarket or a virtual reality supermarket setting. Upon task completion, participants’ explicit and implicit price memory was measured across three food product categories (pizza sauce, pasta, and dark chocolate). Results revealed no significant difference between the two settings, support
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Shang, Tiancheng, Kaiti Shang, Peihong Liu, Xiaotong Sun, and Xinxin Li. "Do implicit prices show differences in tourists’ valuation on hotel attributes in different time periods and different markets? A case of Beijing." International Journal of Culture, Tourism and Hospitality Research 15, no. 1 (2021): 109–22. http://dx.doi.org/10.1108/ijcthr-11-2019-0218.

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Purpose The purpose of this paper is to analyze the implicit prices of hotel attributes in different time periods and different markets. Design/methodology/approach With data from the travel meta-search engine, this paper chose 3- to 5-star hotels in Beijing’s central business district and use hedonic price models. Findings The results suggest that the attributes with significant implicit prices differ in different time periods; the same attributes with different implicit prices in different time periods; the same attributes with different implicit prices in different market segments. Original
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Jordan, Jeffrey L., R. L. Shewfelt, S. E. Prussia, and W. C. Hurst. "Estimating the Price of Quality Characteristics for Tomatoes: Aiding the Evaluation of the Postharvest System." HortScience 20, no. 2 (1985): 203–5. http://dx.doi.org/10.21273/hortsci.20.2.203.

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Abstract An important aspect in the fresh tomato market is the array of quality characteristics that affect value. This paper estimates implicit prices for quality factors of fresh tomatoes delivered at a terminal market. The study’s findings suggest a relationship between the implicit price of quality attributes and the cost of changes in the postharvest handling and distribution process.
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Bimbo, Francesco, Kristi Nico, and Emilio De Meo. "Assessing the Quality and Floral Variety Market Value: A Hedonic Price Model for Honey." Sustainability 17, no. 9 (2025): 3903. https://doi.org/10.3390/su17093903.

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This study quantifies the market values, or implicit prices, of honey quality features (e.g., organic and origin information, package-related features) and floral varieties for supporting beekeepers in differentiating their products to escape from price competition characterizing the Italian honey market. The research employed a sample of sales data, 660 observations collected from the Italian market, and a hedonic price model, estimated via Ordinary Least Squares, to assess the implicit prices of honey characteristics. A high premium price was recorded for honey with added royal jelly and pro
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MADAN, DILIP B. "EXECUTION COSTS AND EFFICIENT EXECUTION FRONTIERS." Annals of Financial Economics 07, no. 01 (2012): 1250002. http://dx.doi.org/10.1142/s2010495212500029.

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Single period risks acceptable to the market at zero cost are modeled by a convex set of random variables leading to bid and ask prices that are trade size dependent. The theory of nonlinear expectations is employed to construct dynamically consistent sequences of bid and ask unit size prices that are size and trade date contingent. We then study the optimal design of spot and forward trading to minimize execution costs. Finally, we illustrate the construction of a two period execution cost frontier trading a decrease in execution costs for additional exposure to price risk. Most structured pr
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Guignet, Dennis, Charles Griffiths, Heather Klemick, and Patrick J. Walsh. "The Implicit Price of Aquatic Grasses." Marine Resource Economics 32, no. 1 (2017): 21–41. http://dx.doi.org/10.1086/689201.

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10

Ashour, Mervat A. S., and Rabee M. A. A. Belal. "A comparative study between organic farming and the traditional cultivation of some medicinal and aromatic plants in the New Valley Governorate." International Journal of Social Studies 3, no. 2 (2024): 63–81. https://doi.org/10.55627/ijss.003.02.0545.

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The policy analysis matrix for the fennel crop in organic agriculture in the New Valley Governorate indicates the average period (2019-2021), where the negative impact of both revenues and the total work element and the land rent, which was estimated at 0.69, 0.239, 0.919 thousand pounds/acre, while there is a positive impact for each of the requirements, the net return, which was estimated at 0.051 and 1.727 thousand pounds/acre, respectively. The nominal and effective protection factors and the cost of local resources for the cumin crop in organic agriculture in the New Valley Governorate du
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Pathak, Rajesh, Thanos Verousis, and Yogesh Chauhan. "Information Content of Implicit Spot Prices Embedded in Single Stock Future Prices: Evidence from Indian Market." Journal of Emerging Market Finance 16, no. 2 (2017): 169–87. http://dx.doi.org/10.1177/0972652717712373.

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This study examines the information content of pricing error, measured by the difference between the implied price computed using the cost of carry model and the spot price of Single Stock Futures (SSFs), traded on National Stock Exchange (NSE), India. The returns of portfolios, based on ranking of such pricing errors, are investigated. The consistency of results is verified by controlling for established risk factors, that is, market, size, value and momentum premium, and idiosyncratic factors such as firm’s liquidity and size. Our study reveals that the pricing error is a priced risk factor
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Fridstrøm, Lasse. "The Norwegian Vehicle Electrification Policy and Its Implicit Price of Carbon." Sustainability 13, no. 3 (2021): 1346. http://dx.doi.org/10.3390/su13031346.

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The rapid market uptake of battery and hybrid electric cars in Norway is unparalleled. We examine the fiscal policy instruments behind this development. In essence, the Norwegian policy consists in taxing internal combustion engine vehicles rather than subsidizing electric ones. There are 14 different fiscal incentives in place bearing on vehicles, fuel, or road use. All of them are in some way CO2-differentiated. In the tradition of positive economics, we derive the price of carbon implicit in each policy instrument and in the total package of taxes and subsidies. The price of carbon characte
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13

Aït-Sahalia, Yacine, and Andrew W. Lo. "Nonparametric Estimation of State-Price Densities Implicit in Financial Asset Prices." Journal of Finance 53, no. 2 (1998): 499–547. http://dx.doi.org/10.1111/0022-1082.215228.

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14

Поляков and K. Polyakov. "Hedonic Function Estimation for Cars in Terms of Market Segmentation." Economics of the Firm 2, no. 3 (2014): 74–81. http://dx.doi.org/10.12737/2500.

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It is shown how to specify and estimate hedonic function for well segmented markets, as exemplified by the new foreign-made cars market of this country. It has been proved that taking in consideration current market segmentation along with very few functional attributes of goods can dramatically improve accuracy of foreign-made cars’ market price approximation. The analysis of interclass difference in implicit prices on a good’s functional attributes has also been performed. Its results confirm, that system of implicit prices correctly reflects market segments positioning. As a mathematical ap
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15

Calatayud Mendoza, Alfredo Pelayo, and Miguel Ángel Martínez Damián. "Preferencias de los consumidores por los atributos de Café Orgánico: un experimento de eleccion." Semestre Económico 4, no. 2 (2015): 5–21. http://dx.doi.org/10.26867/se.2015.v04i2.39.

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The aim of the study is to identify the structure of consumer preferences for attributes of organic coffee and determine the implicit price or willingness to pay for each attribute in Mexico. The database comes from the application of repeated experimental survey to organic coffee consumers of Tianguis in Chapingo, Mexico State. The first objective was identified by the method of choice experiments (EE) and the second with a multinomial logit. We concluded that consumers prioritize first and prefer coffee with Good Quality and Safety with an implicit price of $ 48.50; second, they prefer coffe
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16

Veloso,, Merlita, and Jose Alkuino. "Demand for Sweetpotato Quality Using the Hedonic Price Model in Northwestern Leyte." Science and Humanities Journal 3, no. 1 (2003): 1–15. http://dx.doi.org/10.47773/shj.1998.031.1.

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Research conducted to estimate implicit prices of sweetpotato using the Hedonic Price Model revealed that consumers attach economic importance to sweetpotato quality. Both urban and rural consumers were responsive to changes in quality characteristics. The price paid by rural consumers is affected significantly by age of consumers and quality charactersitics such as color, shape and starch content. The price paid by urban consumers is strongly influenced by color, shape, protien, starch, sugar and fiber content of sweetpotatoes. Among income classes, low income consumers were more discriminati
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17

Alkay, Elif. "International Real Estate Review." International Real Estate Review 11, no. 1 (2008): 113–27. http://dx.doi.org/10.53383/100093.

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This study tests the hypothesis that in a segmented housing market, housing price structure is different in each segment and whole market area price structure does not reflect a realistic housing price structure effectively. Submarket existence is tested in order to average household income in neighbourhoods in the Istanbul housing market. Whether the consequential variations in prices in each segment have large effects on the overall prices of housing is emphasized by the replication of the Schnare and Struyk (1976) process. The empirical results show that as a stratifier, average household i
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18

Du Preez, Mario, and Michael Sale. "Municipal assessments versus actual sales prices in hedonic price studies." Journal of Economic and Financial Sciences 8, no. 1 (2015): 35–46. http://dx.doi.org/10.4102/jef.v8i1.82.

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In most hedonic price model studies, the actual sales price of a property is employed as the dependent variable in the parametric regression analysis. Although the use of this price is pervasive, alternatives to it do exist. One such alternative is the assessed property value, which is more readily available than the actual property price. The aim of this study is to compare implicit price estimates of property characteristics (both structural and locational) based on actual sales price data and assessed property values. To this end, a seemingly unrelated regression with two hedonic price equa
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19

Phipps, A. G. "Households' Utilities and Hedonic Prices for Inner-City Homes." Environment and Planning A: Economy and Space 19, no. 1 (1987): 59–80. http://dx.doi.org/10.1068/a190059.

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The housing-consumption preferences of a sample of inner-city owner-occupants in Saskatoon are recovered from their unconstrained residential preferences for housing and neighbourhood types. These unconstrained utilities are quantitatively compared with implicit prices for the same housing and neighborhood types, computed from a hedonic housing price model. A first finding is that the households preferred the levels of eight of the twelve residential attributes that were also the higher priced. In contrast, a second finding was that their unconstrained utilities were negatively monotonically r
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20

Oh, Jong-Moon, and Wan-Hee Kim. "Tax Effects on the Basis of KOSPI200 Index Futures." Journal of Derivatives and Quantitative Studies 17, no. 4 (2009): 105–35. http://dx.doi.org/10.1108/jdqs-04-2009-b0004.

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This paper conducts an empirical analysis to examine the tax effect on the basis (the difference between the futures price and the cash price) of KOSPI200 stock-index futures. The standard cost-of-carry model relies on a simple non-arbitrage argument in which a trader replicates a “synthetic bond” with short in the futures and long in the underlying basket of cash stocks. While the synthetic bond provides the same or similar economic profiles as a normal interest-bearing instrument, the tax treatment for each is different under Korean tax code. The implicit taxes are expected to lower the befo
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21

Bojnec, Štefan, and Drago Papler. "Deregulation of Electricity Market and Drivers of Demand for Electrical Energy in Industry." Management and Production Engineering Review 7, no. 3 (2016): 4–10. http://dx.doi.org/10.1515/mper-2016-0021.

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Abstract This paper investigates deregulation of electricity market focusing on electricity prices and drivers of demand for electrical energy in industry in Slovenia. The patterns in evolution of real electricity price developments and the three main components of the electricity price are calculated: liberalized market share for purchased electricity price, regulated infrastructure share for use of electricity network grids and mandatory state charges in the sale of electricity (duty, excise duty and value-added tax). To calculate the real value of electricity prices, producer price index of
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IQBAL, NADEEM, AMJAD AMIN, and DANISH WADOOD ALAM. "Determinants of Price Rigidity and Flexibility: Some Survey Evidence for the Pakistan." International Review of Management and Business Research 9, no. 4 (2020): 309–17. http://dx.doi.org/10.30543/9-4(2020)-26.

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The objective of the study is to estimate the determinants of price stickiness or flexibility. Data is collected through structured questionnaire from 342 firms, which are selected through stratified random sampling technique from the Industrial Estate of Khyber Pakhtunkhwa. To estimate the determinants of price flexibility/rigidity, models are estimated through ordinary least squares technique and binary logistic technique. The most important factors for price stickiness are implicit/explicit price contracts and minimum price volatility. Imperfect competitive market structure, number of regul
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IQBAL, NADEEM, AMJAD AMIN, and DANISH WADOOD ALAM. "Determinants of Price Rigidity and Flexibility: Some Survey Evidence for the Pakistan." International Review of Management and Business Research 9, no. 4 (2020): 309–17. http://dx.doi.org/10.30543/9-4(2020)-26.

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The objective of the study is to estimate the determinants of price stickiness or flexibility. Data is collected through structured questionnaire from 342 firms, which are selected through stratified random sampling technique from the Industrial Estate of Khyber Pakhtunkhwa. To estimate the determinants of price flexibility/rigidity, models are estimated through ordinary least squares technique and binary logistic technique. The most important factors for price stickiness are implicit/explicit price contracts and minimum price volatility. Imperfect competitive market structure, number of regul
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24

Liu, Yan, Linchuan Yang, and Kwong Wing Chau. "Impacts of Tourism Demand on Retail Property Prices in a Shopping Destination." Sustainability 12, no. 4 (2020): 1361. http://dx.doi.org/10.3390/su12041361.

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Understanding the relationship between tourism demand and retail property prices is of great significance to tourist destinations, especially shopping destinations. The increase in tourism demand may alter the implicit prices of certain retail property characteristics (e.g., age and accessibility to transit). This study examines how tourism demand (measured by tourist volume) affects retail property prices in the tourist precinct of a shopping destination, namely Hong Kong. The implementation of the policy Individual Visit Scheme (IVS) in 2003 in Hong Kong has substantially increased tourist s
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Seo, Wonseok. "Comparing the Housing Implicit Prices of Restricted and Unrestricted Hedonic Price Models." Journal of Korea Planning Association 54, no. 6 (2019): 80–88. http://dx.doi.org/10.17208/jkpa.2019.11.54.6.80.

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Li, Haitao, and Feng Zhao. "Nonparametric Estimation of State-Price Densities Implicit in Interest Rate Cap Prices." Review of Financial Studies 22, no. 11 (2009): 4335–76. http://dx.doi.org/10.1093/rfs/hhp025.

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Divino, Jose Angelo, Philipp Ehrl, Osvaldo Candido, and Marcos Aurelio Pereira Valadao. "Assessing the Effects of a Tobacco Tax Reform on the Industry Price-Setting Strategy." International Journal of Environmental Research and Public Health 18, no. 19 (2021): 10376. http://dx.doi.org/10.3390/ijerph181910376.

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In July 2020, the Executive Power submitted Bill no. 3887-2020 as the first step towards a wide reform of the Brazilian tax system. It will replace the current PIS/COFINS (charged on turnover of companies) by the CBS (a tax on goods and services), which includes a special regime for cigarettes. The novelty is that the specific cigarette tax will be charged on the highest retail price per cigarette brand across the country. This research simulates three scenarios that differ according to the price-setting strategy of the tobacco industry in reaction to the proposed tax reform. In all simulation
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Stanton, Timothy J., and John C. Whitehead. "The implicit price of sulphur in bituminous coal." Applied Economics 27, no. 1 (1995): 51–57. http://dx.doi.org/10.1080/00036849500000007.

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Mazza, Paolo, and Mikael Petitjean. "Implicit transaction cost management using intraday price dynamics." Applied Economics 50, no. 39 (2018): 4264–74. http://dx.doi.org/10.1080/00036846.2018.1441523.

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Kyung, Ellie J., and Manoj Thomas. "When Remembering Disrupts Knowing: Blocking Implicit Price Memory." Journal of Marketing Research 53, no. 6 (2016): 937–53. http://dx.doi.org/10.1509/jmr.14.0335.

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Casler, Stephen D. "IMPLICIT ELASTICITIES AND PRICE EFFECTS: AN UPDATED PROCEDURE." Economic Systems Research 25, no. 4 (2013): 449–55. http://dx.doi.org/10.1080/09535314.2013.775405.

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Alnafissa, Mohamad A. "Investigating the contribution of different characteristics in the olive oil prices in the Saudi market: An Hedonic price analysis." Pakistan Journal of Agricultural Sciences 60, no. 03 (2023): 437–44. http://dx.doi.org/10.21162/pakjas/23.83.

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This study was conducted with the objective to estimate the implicit values for various olive oil attributes in Riyadh, Saudi Arabia. A hedonic price model was applied to examine 558 olive oil samples taken from nine hypermarkets with different olive oil brands. The attributes under consideration include the package size, extra virgin label, level of acidity, organic certification, purity, country of origin, place of retail market, and packaging type. Results show agreement between signs and magnitudes for the implicit values for the most attributes. The significant attributes of olive oil ide
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Karaman, S., and F. Yavuz. "Hedonic price analysis of the quality characteristics of Anatolian hard red wheat." Agricultural Economics (Zemědělská ekonomika) 60, No. 10 (2014): 469–78. http://dx.doi.org/10.17221/37/2014-agricecon.

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The study analyses the relations between the quality characteristics and price of the Anatolian Hard Red Wheat. It uses a data set consisting of the price and eight quality characteristics of the Anatolian Hard Red Wheat traded in spot transaction in each month of 2011 in the Polatli Commodity Exchange. Marginal implicit values of the quality characteristics of the Anatolian Red Hard Wheat traded in the spot market of the Polatli Commodity Exchange are determined through the hedonic price model. This model is estimated from the linear-log functional form. Results of the hedonic price model dem
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Zhang, Yan, and Shaosheng Jin. "Hedonic valuation of country of origin in the Chinese dairy market." International Food and Agribusiness Management Review 23, no. 3 (2020): 487–500. http://dx.doi.org/10.22434/ifamr2019.0212.

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The implicit value to Chinese consumers of the country-of-origin (COO) characteristic of dairy products is of great importance to estimate. This study adopted the hedonic price model to evaluate the shadow price of the COO attribute of both UHT fluid milk and infant formula collected from the five leading e-commerce platforms (Alibaba’s Tmall Supermarket, Jingdong, Suning Purchase, COFCO I buy nets, and Yihaodian) in China. The target countries were Germany, France, the Netherlands, and Spain from the EU, and Australia and New Zealand from Oceania. The results show that the implicit values of
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Saptutyningsih, Endah. "Impact Of Air Pollution On Property Values: A Hedonic Price Study." Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan 14, no. 1 (2013): 52. http://dx.doi.org/10.23917/jep.v14i1.150.

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The main purpose of this study is the calculation of implicit prices of the environmental level of air quality in Yogyakarta on the basis of housing property prices. By means of Geographical Information System, the housing property prices characterized from the area which have highest air pollution level in province of Yogyakarta. Carbon monoxide is used as the pollution variable. The methodological framework for estimation is based on a hedonic price model. This approach establishes a relationship between the price of a marketable good (e.g. housing) and the amenities and characteristics this
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Puttock, G. D., D. M. Prescott, and K. D. Meilke. "Stumpage Prices in Southwestern Ontario: A Hedonic Function Approach." Forest Science 36, no. 4 (1990): 1119–32. http://dx.doi.org/10.1093/forestscience/36.4.1119.

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Abstract Timber used in the production of lumber in Southwestern Ontario varies in a number of characteristics, and the lump-sum stumpage price is expected to reflect differences in those characteristics. When heterogeneous inputs are used in production, the hedonic price function approach may be used to estimate marginal implicit values of the various input characteristics. Hedonic price functions were estimated for timber in Southwestern Ontario using pooled time-series cross-section data from a large sample of timber sales. The results indicate that volume, species composition, tree size, t
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OTHMAN, JAMAL, JEFF BENNETT, and RUSSELL BLAMEY. "Environmental values and resource management options: a choice modelling experience in Malaysia." Environment and Development Economics 9, no. 6 (2004): 803–24. http://dx.doi.org/10.1017/s1355770x04001718.

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The management of the Matang Mangrove Wetlands in Perak State, Malaysia is under review. To assist decision makers in determining the optimal management strategy, a choice modelling application was undertaken to estimate the non-market values provided under different management options. Implicit prices for environmental attributes including the area of environmental forest protected, the number of bird species protected and the recreation use of the area were estimated. In addition, the implicit price of a social, non-market attribute, the employment of local people in wetland based extractive
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Marin, Jorge Barrientos, and Hector Gomez Marin. "Oligopoly and Collusion in the Colombian Electricity Market." International Journal of Energy Economics and Policy 12, no. 3 (2022): 125–34. http://dx.doi.org/10.32479/ijeep.12883.

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The Wholesale Electricity Market –WEM– in Colombia was created with Laws 142 and 143 of 1994 with the aim of promoting and preserving competition among agents and guaranteeing an efficient energy spot price. However, in practice the market works as an oligopoly in competition; evidence indicates there is market concentration, without reaching abuse of dominant position or price collusion, at least not explicitly. This paper develops a game model with incomplete information, in which there is at least a Perfect Bayesian Equilibrium with implicit collusion among agents. That is, it is highly lik
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Gonçalves, Tânia, João Rebelo, Lina Lourenço-Gomes, and José Caldas. "Wine price determinants. Is there a homogeneous international standard?" Wine Economics and Policy 10, no. 1 (2021): 33–55. http://dx.doi.org/10.36253/wep-8879.

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This article presents an international comparison of the main determinants of wine prices in specialist online wine shops. Hedonic price functions were estimated for 9624 wines spread among four datasets from France, Italy, Germany and Australia. To explain price variation data was collected on wine classification, closure type, wine origin, medals or awards, vintage, alcohol content, color, and grape variety. Results from quantile regression models show that the wine vintage is a common price driver in all markets and quantiles. A quite similar effect was found for alcohol content. In terms o
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Bimbo, Francesco, Emilio De Meo, Antonietta Baiano, and Domenico Carlucci. "The Value of Craft Beer Styles: Evidence from the Italian Market." Foods 12, no. 6 (2023): 1328. http://dx.doi.org/10.3390/foods12061328.

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This study aims to estimate the market value, or implicit prices, associated with the main craft beer attributes (e.g., beer style, organic, gluten-free, and package-related features) and support producers in detecting the more profitable marketing strategies. For this purpose, we conducted an empirical analysis employing sales data of craft beers from the Italian online market, and we estimated a hedonic price model via ordinary least squares. Results show that the type of package and cup only has moderate effects on price. Furthermore, a moderate premium price is found for gluten-free craft
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Allard, Thomas, David J. Hardisty, and Dale Griffin. "When “More” Seems Like Less: Differential Price Framing Increases the Choice Share of Higher-Priced Options." Journal of Marketing Research 56, no. 5 (2019): 826–41. http://dx.doi.org/10.1177/0022243719851490.

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Four experiments supported by six supplemental studies show that premium but higher-priced products (e.g., direct flights, larger-capacity data storage devices) are more popular when the additional cost is made explicit using differential price framing (DPF; e.g., “for $20 more”) rather than being left implicit, as in standard inclusive price framing (IPF; e.g., “for $60 total”). The DPF effect is driven by pricing focalism: relative to IPF, DPF creates a focus on the price difference, which, because it is smaller than the total price, leads to lower perceived expensiveness and thus greater ch
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Lee, Chun-Chang, Pei-Syuan Lin, Wen-Chih Yeh, Chung-Han Tseng, and Tai-Chuan Liu. "The difference in housing prices between non-arm’s length and arm’s length transactions using propensity score matching." International Journal for Housing Science and Its Applications 46, no. 1 (2025): 84–96. https://doi.org/10.70517/ijhsa46109.

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This study uses a social capital approach to examine the differences in housing prices between non-arm’s length and arm’s length transactions. It employed propensity score matching to generate comparable matched pairs and eliminate selection bias, thus facilitating the discernment of housing price differences between non-arm’s length and arm’s length transactions. It used the actual housing prices registered from January 1, 2012, to December 31, 2019, in Taipei City and New Taipei City. The data were divided into two groups: a treatment group of non-arm’s length transactions and a control grou
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Headen, Alvin E. "Price Discrimination in Physician Services Markets Based on Race: New Test of an old Implicit Hypothesis." Review of Black Political Economy 15, no. 4 (1987): 5–20. http://dx.doi.org/10.1007/bf02903726.

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Prior econometric studies of physician fee determination report that fees are positively related to the proportion of the market area that is black and negatively related to the proportion of the market area that is white, but the studies provide only sketchy explanations for these results. This article presents a price discrimination model which explains the empirical results and provides the specific prediction that low income self-pay consumers in the black community constitute the group that pays higher prices for physician services. The study then replicates prior econometric results on a
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Nygård, Heidi S., Stig Ødegaard Ottesen, and Olav Henrik Skonnord. "Profitability Analyses for Residential Battery Investments: A Norwegian Case Study." Energies 17, no. 16 (2024): 4048. http://dx.doi.org/10.3390/en17164048.

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With the higher penetration of intermittent renewable energy sources in the electric power grid, more flexibility is needed to cope with challenges related to stability and reliability. Consumers can be part of the solution through demand response, for example, by investing in residential batteries that can charge and discharge based on price signals (implicit flexibility) or externally controlled based on grid-related needs (explicit flexibility). In this study, we investigate the feasibility of deploying residential batteries through a case study consisting of 20 households located in south-
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Freitas, Yan Gabriel Pereira Magalhães de, Frederico Guilherme Pamplona Moreira, Alexander Hierro Ferreira de Souza, and Victor Igor Monteiro dos Santos. "Hedonic Approach to Vertical Residential Rentals in the Brazilian Amazon: The Case of Belém, Pará." Buildings 14, no. 3 (2024): 728. http://dx.doi.org/10.3390/buildings14030728.

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This study set out to identify and analyze the factors that influence the formation of rental prices for residential apartments in the city of Belém. The approach adopted was based on the hedonic price theory, which considers that the rental price of an apartment reflects the implicit prices of its attributes—structural, locational, and neighborhood quality. The sample used consisted of 259 observations, corresponding to the rental advertisements of the representative apartments in each building. The ordinary least squares (OLS), spatial lag model (SLM), and geographically weighted regression
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Huang, Yuan Sheng, and Lu Tong Li. "Based on Comparable Price Energy Input-Output Table of Xinjiang to Research Low Carbon Economic Development Strategy." Applied Mechanics and Materials 291-294 (February 2013): 1573–76. http://dx.doi.org/10.4028/www.scientific.net/amm.291-294.1573.

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Based on the input-output theory, the paper using the comparable price energy input-output table,quantitatively estimates the implicit carbon emissions of each industrial department,and analyzes the growth of the implicit carbon emissions of the resident consumption through the structure decomposition.Conclusion indicates:From 1992 to 1997, the mean of the implicit carbon emissions of each industrial department in Xinjiang had been rising; From 1997 to 2007, the mean of the implicit carbon emissions of each industrial department had been declining;The implicit carbon emissions of Hydropower in
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Brown, Jeff E., and Don E. Ethridge. "Functional Form Model Specification: An Application to Hedonic Pricing." Agricultural and Resource Economics Review 24, no. 2 (1995): 166–73. http://dx.doi.org/10.1017/s1068280500008807.

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A combination of conceptual analysis and empirical analysis—partial regression and residuals analysis—was used to derive an appropriate functional form hedonic price model. These procedures are illustrated in the derivation of a functional form hedonic model for an automated, econometric daily cotton price reporting system for the Texas-Oklahoma cotton market. Following conceptualization to deduce the general shapes of relationships, the appropriate specific functional form was found by testing particular attribute transformations identified from partial regression analysis. Minimizing structu
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Koschat, Martin A., and William P. Putsis. "Audience Characteristics and Bundling: A Hedonic Analysis of Magazine Advertising Rates." Journal of Marketing Research 39, no. 2 (2002): 262–73. http://dx.doi.org/10.1509/jmkr.39.2.262.19083.

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Increasingly, magazines are able to offer potential advertisers all their readers (pure bundling), only specific reader segments (pure components pricing), or a combination of the two (mixed bundling). Using data on advertising rates and reader demographics, the authors estimate the implicit prices of reader characteristics within a hedonic framework. The results suggest that the magnitude of the price and revenue premiums earned by “unbundling” a magazine's readers can be substantial.
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Chen, Wenting, and Xiaoying Jiang. "An IMEX-based approach for the pricing of equity warrants under fractional Brownian motion models." ANZIAM Journal 64 (September 18, 2023): 380–93. http://dx.doi.org/10.21914/anziamj.v64.17315.

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In this paper, the pricing of equity warrants under a class of fractional Brownian motion models is investigated numerically. By establishing a new nonlinear partial differential equation (PDE) system governing the price in terms of the observable stock price, we solve the pricing system effectively by a robust implicit-explicit numerical method. This is fundamentally different from the documented methods, which first solve the price with respect to the firm value analytically, by assuming that the volatility of the firm is constant, and then compute the price with respect to the stock price a
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CHEN, WENTING, and XIAOYING JIANG. "AN IMEX-BASED APPROACH FOR THE PRICING OF EQUITY WARRANTS UNDER FRACTIONAL BROWNIAN MOTION MODELS." ANZIAM Journal 64, no. 4 (2022): 380–93. http://dx.doi.org/10.1017/s1446181123000159.

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AbstractIn this paper, the pricing of equity warrants under a class of fractional Brownian motion models is investigated numerically. By establishing a new nonlinear partial differential equation (PDE) system governing the price in terms of the observable stock price, we solve the pricing system effectively by a robust implicit-explicit numerical method. This is fundamentally different from the documented methods, which first solve the price with respect to the firm value analytically, by assuming that the volatility of the firm is constant, and then compute the price with respect to the stock
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