scholarly journals Lake Drawdown: The Value Of 2 Inches Of Water

2011 ◽  
Vol 6 (1) ◽  
Author(s):  
Russell Kashian
Keyword(s):  
Water Quality ◽  
Water Level ◽  
Property Values ◽  
Water Levels ◽  
The Body ◽  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model ◽  
New Evidence ◽  
Objective Indicators

This study uses the hedonic price model to estimate the effect a change in water level has on the value of real estate on Lake Koshkonong in Wisconsin.  Hedonic techniques are employed to show that a 2 inch reduction in the lake’s water level had a significant effect on Lake Koshkonong’s shoreline property values.  The body of existing research demonstrates that changes in both the subjective and objective indicators of value are important for estimating the implicit value of water quality in hedonic analyses.    This paper provides new evidence on the economic harm created by the reduction of water levels and the concurrent publicity created by the action.

scholarly journals Lake Drawdown Revisited: The Value Of Two Inches Of Water

2016 ◽  
Vol 14 (1) ◽  
pp. 7-18
Author(s):  
Russell Kashian ◽  
Alexander Walker ◽  
Matthew Winden
Keyword(s):  
Water Level ◽  
Property Values ◽  
Water Levels ◽  
The Body ◽  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model ◽  
The Impact ◽  
New Evidence ◽  
Objective Indicators

This paper uses a hedonic price model to estimate the impact of water level on the value of real estate on Lake Koshkonong in Wisconsin. Hedonic techniques are employed to show that a reduction in the lake’s water level has a significant effect on shoreline property values. The body of existing research demonstrates that changes in both the subjective and objective indicators of value are important for estimating the implicit value of water quality in hedonic analysis. This paper provides new evidence on the economic harm to lake communities created by the reduction of water levels.

scholarly journals Does Pet Policy in a Condominium Building Impact Property Values?

2021 ◽  
Author(s):  
Anita P. Muraleedharan
Keyword(s):  
Property Values ◽  
Impact Property ◽  
Hedonic Price Model ◽  
Price Difference ◽  
Hedonic Price ◽  
Price Model ◽  
Sales Data ◽  
Pet Owners ◽  
Real Price ◽  
Price Differences

Pets are permitted in some condominium buildings and not in others. Pet owners will therefore be attracted more towards buildings that welcome pets than otherwise. However, the pet-related regulations may altogether restrict all sorts of pets, including small pets, such as cats, while others may include restrictions on the number of pets allowed per unit, certain breeds or set restrictions on the permissible size of a pet. These restrictions may impact the price of condominiums. Using a hedonic price model, this research paper analyses whether and by how much allowance for pets in the building impacts property values in downtown Toronto using condominium sales data from January 2016 to December 2017 and information derived from a pet policy questionnaire. The findings suggest that the price differences are not statistically significant between buildings that allow pets or otherwise. In fact, the real price difference is observed for the degree of pet friendliness. Condominium buildings that allow two or more pets sell for higher prices than those that allow less than two pets. Furthermore, condominium buildings that allow two or more dogs sell for a higher price. Also, condominium buildings that impose weight, size or breed restrictions cost 5.7 percent more than those do not have those restrictions. Keywords: hedonic price model, pet policy, condominiums, GIS, Toronto

scholarly journals Does Pet Policy in a Condominium Building Impact Property Values?

2021 ◽  
Author(s):  
Anita P. Muraleedharan
Keyword(s):  
Property Values ◽  
Impact Property ◽  
Hedonic Price Model ◽  
Price Difference ◽  
Hedonic Price ◽  
Price Model ◽  
Sales Data ◽  
Pet Owners ◽  
Real Price ◽  
Price Differences

Pets are permitted in some condominium buildings and not in others. Pet owners will therefore be attracted more towards buildings that welcome pets than otherwise. However, the pet-related regulations may altogether restrict all sorts of pets, including small pets, such as cats, while others may include restrictions on the number of pets allowed per unit, certain breeds or set restrictions on the permissible size of a pet. These restrictions may impact the price of condominiums. Using a hedonic price model, this research paper analyses whether and by how much allowance for pets in the building impacts property values in downtown Toronto using condominium sales data from January 2016 to December 2017 and information derived from a pet policy questionnaire. The findings suggest that the price differences are not statistically significant between buildings that allow pets or otherwise. In fact, the real price difference is observed for the degree of pet friendliness. Condominium buildings that allow two or more pets sell for higher prices than those that allow less than two pets. Furthermore, condominium buildings that allow two or more dogs sell for a higher price. Also, condominium buildings that impose weight, size or breed restrictions cost 5.7 percent more than those do not have those restrictions. Keywords: hedonic price model, pet policy, condominiums, GIS, Toronto

Hedonic Price Model

2014 ◽  
pp. 2834-2837
Author(s):  
José-María Montero ◽  
Gema Fernández-Avilés
Keyword(s):  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model

A hedonic price model of office rents

1998 ◽  
Vol 16 (3) ◽  
pp. 297-312 ◽  
Author(s):  
Neil Dunse ◽  
Colin Jones
Keyword(s):  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model

scholarly journals Valuing water resources in Switzerland using a hedonic price model

2016 ◽  
Vol 52 (5) ◽  
pp. 3510-3526 ◽  
Author(s):  
Diana van Dijk ◽  
Rosi Siber ◽  
Roy Brouwer ◽  
Ivana Logar ◽  
Dorsa Sanadgol
Keyword(s):  
Water Resources ◽  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model
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