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This paper presents a hedonic housing price model for the city of Glasgow in Scotland. The major innovation of the research is the use of hierarchical clustering techniques to identify property submarkets defined by a combination of property types, locations and socioeconomic characteristics of...
Persistent link: https://www.econbiz.de/10010319004
Previous work on hedonic price functions tends to have focused on one of a number of specification and estimation issues; namely, market segmentation, choice of functional form, multicollinearity or spatial autocorrelation. The purpose of this paper is to bring together these various strands to...
Persistent link: https://www.econbiz.de/10010319038
Following a contractionary monetary policy shock, the aggregate output decreases over time for six to eight quarters, while the real interest rate increases immediately and remains high for three quarters. Full participation models can hardly replicate the joint response of the aggregate output...
Persistent link: https://www.econbiz.de/10010263223
In this article we study patterns of vertical product differentiation in a multi-product monopoly using a random utility model. Prior research shows that applying such a model in a multi-product setting implies symmetric patterns of product differentiation in which all product variants of a...
Persistent link: https://www.econbiz.de/10010326348
We use transaction-level data and detailed modeling of the high-frequency behavior of federal funds-Eurodollar yield spreads to provide evidence of strong integration between the federal funds and Eurodollar markets, the two core components of the dollar money market. Our results contrast with...
Persistent link: https://www.econbiz.de/10010283409
This paper analyzes market segmentation in a two-sided market that consists of media consumers and advertisers. The analysis is motivated by a European Court of Justice Decision in October 2011, which allowed viewers to take advantage of international price differences and buy access to Premier...
Persistent link: https://www.econbiz.de/10010291542
Globally, concerns regarding consumers' food quality and safety have increased. There is an increase in the search of alternative healthy and safe food that also enhances immunity. Organic food eliminates most of the concerns that consumers have. Market experts expect the Indian domestic organic...
Persistent link: https://www.econbiz.de/10012657335
diagnosis and assessment of Fairtrade products market, are provided. Fair trade is analysed not only in the broad theoretical … the framework of supply chains management. The benefits from the Fairtrade label, including transaction costs reduction … are indicated. The assumption is that to achieve them, consumer acceptance of the idea and willingness to buy Fairtrade …
Persistent link: https://www.econbiz.de/10011725004
Fairtrade labeling has the potential to increase market efficiency by connecting farmers to altruistic consumers who … that the farmers' benefits are larger than the Fairtrade processing costs and the excess payment by consumers that does not … Fairtrade-labeled coffee is distributed in the Swedish market, using information on production costs and scanner data on almost …
Persistent link: https://www.econbiz.de/10013199659
Purpose: The purpose of the paper is to critically evaluate the applicability of bio certification in farmers' activity to reduce unfair trading practices in the food supply chain. The secondary purposes are describing the economic reasons of using bio certification and perspectives of using web...
Persistent link: https://www.econbiz.de/10015340002