This paper proposes maximum likelihood estimators for panel seemingly unrelated regressions with both spatial lag and spatial error components. We study the general case where spatial effects are incorporated via spatial errors terms and via a spatial lag dependent variable and where the...

Spatial heterogeneity and spatial dependence are two well established aspects of house price developments. However, the analysis of differences in spatial dependence across time and space has not gained much attention yet. In this paper we jointly analyze these three aspects of spatial data. We...

Olive oil markets, both traditional and new ones, are changing rapidly with vertical as well as horizontal differentiation that increasingly play a role in featuring demand and supply. The paper explores the role and effectiveness of different quality clues in the creation of value in high...

The hedonics literature has often asserted that if one were able to observe the same individual make multiple purchase decisions, one could recover rich estimates of preferences for a given amenity. In particular, in the face of a changing price schedule, observing each individual twice is...

Italian wine is one of the most famous products worldwide and yet very little is known about the main determinants of its price, especially on the domestic market.In this article we show the main determinants of price for Italian red wine sold on the domestic market through the estimation of an...

We use a unique dataset to estimate the hedonic price function for Italian red wine sold on the Italian market in the period 2006-2008. For each bottle considered, the dataset allows us to know several characteristic such as the price by retail channel (price in supermarkets and in wine shops),...