"Hedonic adjustment" redirects here. Not to be confused with Hedonic adaptation.
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In economics, hedonic regression, also sometimes called hedonic demand theory, is a revealed preference method for estimating demand or value. It decomposes the item being researched into its constituent characteristics, and obtains estimates of the contributory value for each. This requires that the composite good (the item being researched and valued) can be reduced to its constituent parts and that those resulting parts are in some way valued by the market. Hedonic models are most commonly estimated using regression analysis, although some more generalized models such as sales adjustment grids are special cases which do not.
An attribute vector, which may be a dummy or panel variable, is assigned to each characteristic or group of characteristics. Hedonic models can accommodate non-linearity, variable interaction, and other complex valuation situations.
Hedonic models are commonly used in real estate appraisal, real estate economics and Consumer Price Index (CPI) calculations. In CPI calculations, hedonic regression is used to control the effect of changes in product quality. Price changes that are due to substitution effects are subject to hedonic quality adjustments.
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In economics, hedonicregression, also sometimes called hedonic demand theory, is a revealed preference method for estimating demand or value. It decomposes...
A hedonic index is any price index which uses information from hedonicregression, which describes how product price could be explained by the product's...
commonly used to calculate an HPI are hedonicregression (HR), simple moving average (SMA), and repeat-sales regression (RSR). The US Federal Housing Finance...
of the lease in each such case by the statistical method known as hedonicregression. However this method was rejected by the Upper Tribunal in January...
Later calculations of GDP partly compensates for this problem using hedonicregression methods, and these methods estimate that the true price of mainframe...
introduced since the previous price was measured, a process called hedonicregression or hedonic adjustment. This is necessary in order to ensure that a constant...
or Fisher indexes Use hedonic index methods to capture attributes of products and their implicit prices; see hedonicregression and the related index...
analysis Contingent valuation or stated preference methods Foot voting Hedonicregression Induced demand Random utility model - an extension of revealed preference...
implementation was limited to reducing prices during low traffic periods. Hedonicregression Pay what you want Demand shaping "In Praise of Efficient Price Gouging"...
marketing Happiness economics – Harris–Todaro model – Hauser's Law – Hedonicregression – Herfindahl index – Heterodox economics – Historical school of economics...
contributions to the economics field with such models as the cobweb model, hedonicregression pricing models, new technology and diffusion models (Zvi Griliches)...
Reserve Economic Data) Harmonized Index of Consumer Prices (HICP) Hedonicregression Higher Education Price Index Household final consumption expenditure...
benefits package. Heckscher–Ohlin model Heckscher–Ohlin theorem hedonic index hedonicregression Henry George theorem Herfindahl–Hirschman index heterodox economics...
overcome if the principal method for relating price and quality, namely hedonicregression, could be reversed. Then quality change could be calculated from the...
futures, alongside a method for generating asset-price indices using hedonicregression, accounting for unmeasured qualities by adding dummy variables that...
period to the next Gather data on the attributes of goods and use hedonicregressions to infer implicit prices for these attributes and the net change...
incorporate the other factors, misrepresenting the result. Hedonic pricing is a model that uses regression analysis to isolate the value of a specific intangible...
in market value prove difficult to determine. Economists use the hedonicregression (HR) estimation method to calculate prices in art. This is used to...
underlying characteristics of goods could be deduced from so-called hedonicregressions. Sherwin (1999), "Potato Paradoxes", Journal of Political Economy...
goods and services for a combination of two types of benefits: hedonic and utilitarian. Hedonic benefits are associated with the sensory and experiential attributes...
several employee benefits results in lower monetary compensation. The hedonic wage function represents the assumption that employees maximize their utility...
discomfort puts the individual in a negative hedonic state. Furthermore, they theorized that a negative hedonic state should bias individuals to judge environmental...
of moral satisfaction, Kahneman D, Knetsch JL, Vol. 22(1) 57–70, 1992 Hedonic housing prices and demand for clean-air, Harrison D, Rubinfeld DL, Vol...
Resources for the Future. Brown, Gardner; Mendelsohn, Robert (1984). "The Hedonic Travel Cost Method". The Review of Economics and Statistics. 66 (3): 427...
sources of value in goods and services and turning them into sources of hedonic, symbolic, and interpersonal value. As a result of their experiment, the...
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