Wind turbines offer significant environmental benefits but also create negative local externalities, such as noise and visual pollution, which can lead to local tensions and community resistance against the energy transition. This paper examines negative and positive externalities associated...

We study how and why local biodiversity affects residential property values. Leveraging remotely sensed greenness indicators and a novel dataset of granular property listings, we examine how changes in vegetation load on real estate prices. Hikes in greenness are associated with higher listing...

Property transaction prices are widely regarded as the best measure of property value, but are sometimes unavailable. Using data from the Netherlands and New York, we analyze whether list prices and assessed values are reliable substitutes. In the cross-section, both proxies strongly predict...

Corporate social responsibility and the private provision of (global) public goods are of key interest to economists and policymakers. Over the last few years, many more private companies made their operations carbon neutral. It is an empirical question how consumers value carbon-neutral and...

This study aims to explore how hedonic value influences obsessive-compulsive buying behavior by examining the mediating roles of brand attachment and customer-based brand value. The research addresses inconsistencies in previous studies on the influence of hedonic market value on...

This study examines Malta's peer-to-peer (P2P) rental market by comparing rental listings from Facebook Marketplace and an aggregation of real estate agencies' adverts, while the Housing Authority's official register is used as the benchmark characterising the local rental market. Using a...

This study examines whether the COVID-19 pandemic led to lasting shifts in residential housing valuation in the UK, focusing on Greater London and seven major cities. The following questions are addressed: a) Was this change in residential valuations temporary, or is it likely to be permanent?...

Der vorliegende IW-Wohnindex untersucht die Entwicklung der Kauf- und Mietpreise für Wohnimmobilien in Deutschland. Der vierteljährig erscheinende Kurzreport präsentiert die Ergebnisse eines hedonischen Preisindex auf der Basis von mehreren Millionen Wohnimmobilieninseraten. Betrachtet werden...

For decades, the literature has engaged in a robust debate regarding the competitiveness of wine cooperatives. Many studies suggest that these cooperatives may exhibit lower pricing competitiveness compared to other enterprise forms, while others have found the opposite. To clarify these...

We introduce a novel, non-parametric approach for estimating house price indices that capture heterogeneous price developments independently of strict functional form assumptions. Utilizing the potential outcomes framework, our approach employs causal forests to effectively address changes in...

Purpose The literature on the potential benefits of art investing has yet to consider the effects of categorizing world regional art markets (e.g. Latin American art) by artistic styles or movements (e.g. Latin American surrealism, Latin American conceptual art, etc.). We propose that such...

The building sector is lagging its needed decarbonization pathway. This paper examines EPC policy impacts on building economics in the Rhein-Main Region in Germany. Energy efficiency premiums for rents and sales prices and the effects of the EPC type are investigated using data from 01/2015 -...

This study analyses the influence of geographical origin and taste on honey consumer behavior. First, we explore the influence of geographical origin on consumers' hedonic evaluation of honey. We then assess the influence of geographical origin and taste on their willingness to pay (WTP) for...

Der vorliegende IW-Wohnindex untersucht die Entwicklung der Kauf- und Mietpreise für Wohnimmobilien in Deutschland. Der vierteljährig erscheinende Kurzreport präsentiert die Ergebnisse eines hedonischen Preisindex auf der Basis von mehreren Millionen Wohnimmobilieninseraten. Betrachtet werden...

Is the quality of a 91-point wine significantly different from that of an 89-point wine? Which wines are underpriced relative to their evaluation of quality? This paper addresses these questions by constructing a novel wine rating system based on scores assigned by a panel of wine experts to a...