An Evaluation of the Accessibility Benefits of Commuter Rail in Eastern Massachusetts using Spatial Hedonic Price Functions

This paper applies the hedonic price function approach to identify and estimate the variations in meal prices according to various characteristics of a sample of restaurants in Melbourne, Australia. The estimated hedonic price functions have important implications for restaurant marketing strategies and provide useful information to customers, and may serve to improve the efficiency in the market for restaurant dining. From the point of view of restaurant operators, the results indicate how short-term and long-term investment decisions may be made to impart particular characteristics. From the perspective of customers, the results provide information on price premia and discounts for restaurant meals according to each of the characteristics, including locations.

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Effects of Light and Commuter Rail Transit on Land Prices: Experiences in San Diego County

Journal of the Transportation Research Forum ◽

10.5399/osu/jtrf.43.1.741 ◽

2010 ◽

Cited By ~ 4

Author(s):

Robert Cervero

Keyword(s):

Traffic Congestion ◽

San Diego ◽

San Diego County ◽

Land Values ◽

Light Rail ◽

Hedonic Price ◽

Single Family ◽

Multifamily Housing ◽

The North ◽

Commuter Rail

Using hedonic price models, appreciable land-value premiums were found for multiple land uses in different rail corridors of San Diego County. The most appreciable benefits were for condominiums and single-family housing near commuter-rail stations in the north county, multifamily housing near light-rail stations, and commercial properties near downtown commuterrail stations and light-rail stops in the Mission Valley. Elsewhere, commercial properties accrued small or even negative capitalization benefits. Pro-development policies, worsening traffic congestion, and a generally healthy economy are thought to have generally boosted land values in San Diego County, though impacts are corridor- and land-use specific.

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Wine price determinants. Is there a homogeneous international standard?

Wine Economics and Policy ◽

10.36253/wep-8879 ◽

2021 ◽

Vol 10 (1) ◽

pp. 33-55

Author(s):

Tânia Gonçalves ◽

João Rebelo ◽

Lina Lourenço-Gomes ◽

José Caldas

Keyword(s):

Regression Models ◽

Hedonic Price ◽

Grape Variety ◽

Alcohol Content ◽

Price Variation ◽

Variation Data ◽

Price Determinants ◽

Main Determinants ◽

Implicit Prices ◽

Price Functions

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 of color, the implicit prices for red and white wines are also structurally different between countries, particularly in origin, blend, closure, awards and age. Thus, the markets should be assumed as heterogeneous, and the extrapolation of the results from one market to another may lead to erroneous management decisions.

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