Who was first? An examination of an early hedonic study

Citation
Pf. Colwell et G. Dilmore, Who was first? An examination of an early hedonic study, LAND ECON, 75(4), 1999, pp. 620-626
Citations number
22
Categorie Soggetti
EnvirnmentalStudies Geografy & Development
Journal title
LAND ECONOMICS
ISSN journal
00237639 → ACNP
Volume
75
Issue
4
Year of publication
1999
Pages
620 - 626
Database
ISI
SICI code
0023-7639(199911)75:4<620:WWFAEO>2.0.ZU;2-A
Abstract
G. C. Haas produced ct hedonic study more than 15 years prior to A. T. Cour t who first published the term hedonics. Haas's application was to agricult ural land prices with a particular focus on distance to the city center and city size. Thus, Haas's work has much of the flavour of contemporary urban economics. A reestimation of Haas's model reveals that he did a respectabl e job in an age before computational machinery was available. The estimatio n of a new model reveals a tiny value gradient and shows that some of Haas' s adjustments to price, especially his time adjustments, were amazingly acc urate. (JEL R20).