This study illustrates how the hedonic pricing method can measure the value of environmental assets in an urban setting. A HPM valuation, utilising relatively easily accessible secondary data, and a semi-logarithmic regression form, is used. The value achieved was substantially greater than...

Purpose – This study aims to examine whether Leadership in Energy and Environmental Design (LEED) certification yields additional premiums for Shanghai’s office rental sector. Design/methodology/approach – The hedonic model is utilized to evaluate the impact of LEED, as well as of other...

Purpose – Global demand growth for new cell phone towers is extraordinary. However, many markets feature onerous regulation that impedes the rolling out of new infrastructure. Regulators are primarily concerned with tower aesthetics and the perceived impact on house prices. Focusing on...

To correct market failures due to the presence of negative externalities associated with energy consumption, governments have adopted a variety of policies, including taxes, subsidies, regulations and standards, and information-based policies. For example, labels that clearly convey energy...

A couple of weeks before the 2012 Super Bowl, Andrew Lehren of The New York Times advised fans wanting tickets to be “patient,†because prices in secondary ticket markets tend to fall “precipitously†as the time to kickoff nears. Using data compiled from SeatGeek.com on more...

Evaluating the impact of public mass transit systems on real-estate values is an important application of the hedonic price model (HPM). Recently, a mathematical transformation of this approach has been proposed to account for the potential omission of latent spatial variables that may...

This paper examines the microeconomic determinants of residential real estate prices in Caracas, Venezuela, using a private database containing 17,526 transactions from 2008 to 2009. The particular institutional characteristics of many countries in Latin America, and Venezuela in particular,...