Valuation of leases based on the contingent valuation may be biased because hypothetical data has limitations. This study used the hedonic method to evaluate factors affecting the value of hunting leases on Sixteenth Section Lands in Mississippi that are auctioned to the public. Due to the competitive nature of the issuance of these leases, this study provides a comprehensive and unbiased estimate of the impact that cover type, game quality, distance to urban areas, and location have on hunting lease prices. The implicit prices of these characteristics indicate that land managers should adopt shorter lease lengths, smaller lease sizes and improve habitat to increase lease revenue.

Submitted by Sara Ribeiro (sara.ribeiro@ucb.br) on 2018-09-17T19:33:31Z No. of bitstreams: 1 AndreyRibeiroPerezNunesDissertacao2018.pdf: 2577096 bytes, checksum: eaed6d2ab0b80f71106fbc19b427ea06 (MD5) / Approved for entry into archive by Sara Ribeiro (sara.ribeiro@ucb.br) on 2018-09-17T19:34:06Z (GMT) No. of bitstreams: 1 AndreyRibeiroPerezNunesDissertacao2018.pdf: 2577096 bytes, checksum: eaed6d2ab0b80f71106fbc19b427ea06 (MD5) / Made available in DSpace on 2018-09-17T19:34:06Z (GMT). No. of bitstreams: 1 AndreyRibeiroPerezNunesDissertacao2018.pdf: 2577096 bytes, checksum: eaed6d2ab0b80f71106fbc19b427ea06 (MD5) Previous issue date: 2018-07-31 / This work applies hedonic methodology in the analysis of prices of the main Brazilian retail telecommunication markets: mobile telephony, fixed broadband and pay TV. From the collection of the attributes of the available offers in December 2017, this study maps the properties of the telecommunication offers that significantly drive consumers’ purchasing decisions, also measuring the marginal contribution of these items to final prices. In mobile telephony, the attributes associated with data traffic - such as volume and franchise expiration period - were the main drivers identified. In the context of fixed broadband, the traffic speeds, both upload and download, showed prevalence. For pay TV, content related aspects were found more relevant, like the number of high-definition channels, on-demand programming and the inclusion of premium sports and film channels. In addition, this study identified that brand premiums variables were significant only in the context of fixed broadband, associating such finding with the structural peculiarities of that market. / O trabalho aplica a metodologia hedônica na análise dos preços dos principais mercados de varejo de telecomunicação brasileiros, quais sejam a telefonia móvel, a banda larga fixa e a TV por assinatura. A partir da coleta estruturada dos atributos das ofertas disponíveis para contratação em dezembro de 2017, o estudo mapeia as propriedades de planos e promoções que de fato influenciam a decisão de compra do consumidor, mensurando a contribuição marginal desses quesitos ao preço final. Na telefonia móvel, as condições associadas ao tráfego de dados – como volume e validade da franquia – foram os principais drivers identificados. No contexto da banda larga fixa, a vazão do tráfego, representada nas velocidades de transmissão de upload e download, mostrou-se mais preponderante. No âmbito da TV por Assinatura, aspectos relacionados ao conteúdo sobressaíram-se, tais como a quantidade de canais em alta definição, a oferta sob demanda de programação e a inclusão de canais premium de esportes e filmes no pacote inicial. Complementarmente, o estudo verificou a existência de prêmios de marca significativos somente no contexto da banda larga fixa, buscando associar tal achado às peculiaridades estruturais desse mercado.

Secondary markets have not historically possessed the characteristics necessary for market power to emerge, or effective product differentiation to be implemented. The potential effects of these characteristics on primary – secondary market interaction is generally not considered. The law of one price is expected to hold in secondary markets. By applying the hedonic technique to producer theory, and integrating the durability of the product directly into the profit maximizing conditions, potential differences in implicit prices between customer segments in the used bucket truck market are estimated. Applying weighted least squares to the hedonic equation, parameters were estimated to indicate whether differences in hedonic prices exist between customer segments in the secondary, utility construction equipment market. The hedonic approach accounted for differences in price due to physical characteristics, while underlying supply and demand conditions were accounted for using indicator variables for time. Estimated differences in the effects of physical characteristics on price, between industries, were identified using interaction terms. Results of the econometric estimation indicate that differences in physical product characteristics do not fully account for differences in price between customer segments in the secondary bucket truck market. If the law of one price can be violated in a secondary market, this could indicate market power. Future research on primary – secondary market interaction should consider the potential effects, if such market power does indeed exist.

A park is a desirable feature when people are purchasing a property. Buyers are ready to pay more for properties surrounded by natural amenities, such as a pleasant park. However, if a park is perceived as unsafe by local residents, then it may have a negative effect on housing prices. The aim of this study is to investigate the importance of urban parks in Stockholm, capital of Sweden, and to find evidence of whether people in Stockholm are willing to pay extra for parks when purchasing an apartment. This study hypothesized that people’s willingness to pay for urban parks and green spaces is affected by crime. The methodology had two stages. An extensive field work was performed in a selected number of parks to help characterize the parks in Stockholm. This was later followed by the analysis of 2008’s apartment sales using hedonic modelling combined with Geographic Information System (GIS) techniques. Results suggest that the effect of parks vary by park type. An aggregated measure of parks lower apartment prices but the effect turns out to be positive in some cases, or insignificant, when parks are broken down by types. For instance, parks with cultural features, forest feeling, skating and features of national interest increase apartment prices. However, if park have ball games, marina, boating facilities, skate board facilities and frequent social events – these features tend to reduce property values. These findings support the idea that the impact of park on property value depends on the type of park. Contrary to was expected, the park impact on prices does not seem to be affected by seasonal variations (e.g., summer versus winter), only individual months seem to affect prices. More interestingly, crime affects the quality of parks and, in its turn, the relationship between parks and prices. Results show that parks that originally show a positive impact on prices may affect prices negatively if they have relatively high rates of violence and vandalism. The study finalizes with a discussion these results and their implication for future research.

Hedonic property value analysis is one of the leading methods of environmental valuation. This non-market technique uses variation in home sales to infer the values of amenities or disamenities. While there have been numerous studies about air quality and hazardous waste, the number of papers focusing on water quality is much smaller. Consequently, there are still many unanswered questions about the proper handling of water quality through hedonic methods. Furthermore, estimates from hedonic property price analyses are rarely used in government cost benefit analyses. This dissertation investigates several important hedonic issues in a large analysis of water quality in central Florida. The first chapter of this paper explores the extent of water quality benefits. Almost all past studies have focused exclusively on waterfront homes. The present paper includes non-waterfront homes and investigates three hypotheses about the marginal impact of water quality. The first hypothesis is that non-waterfront homes are positively affected by water quality, but by a smaller amount than waterfront homes. The second hypothesis is about the effect of lake distance on the relationship between water quality and property prices: this relationship should be negative. The third hypothesis states that properties near larger lakes have a higher implicit price for water quality than homes around smaller lakes, all else constant. These three hypotheses are investigated in each chapter of the dissertation, and provide a unifying theme to the paper. Results from Chapter 1 support all three hypotheses. Most importantly, the empirical estimates indicate that water quality benefits extend beyond the waterfront in a declining gradient. Excluding non-lakefront homes from the analysis can therefore substantially underestimate the total benefits of a water quality improvement. Estimates of the total property price benefits from a one foot increase in water quality were found to double with the addition of non-waterfront homes. The second chapter examines the sensitivity of results to several spatial specifications. Spatial issues can be a problem in analyses of real estate data because of spatially correlated variables, unobservable neighborhood codes and covenants, identical or similar builders, and property appraisal valuation techniques. The focus of the chapter is on the spatial weights matrix (SWM). Six different SWM's are constructed, which are based on popular specifications encountered in the current spatial hedonic literature. An out-of-sample forecasting exercise is used to compare multiple spatial specifications. Results indicate that certain spatial models may be sensitive to the specification of the weights matrix. Furthermore, many popular models currently used in the literature could be improved by allowing more non-zero elements in the SWM. The third chapter investigates the definition of "water quality" and uses several additional quality indicators. Choosing the proper pollution indicator is an issue that has plagued many areas of the valuation literature. While clarity indicators have become popular in hedonic property price analysis, they are not used for the purposes of regulation by many state environmental departments. This chapter uses several indicators that are used by the state of Florida to classify lakes and implement policy. Implicit prices are computed for all of the indicators and issues of benefit extent and total benefits are explored. Instead of finding an optimal indicator for all situations, results indicate that the use of at least two types of indicators may capture a larger range of the true total benefits. The final chapter uses a repeat sales model to address potential problems with omitted variable bias. Due to the size of the data set in this paper, there are a substantial number of homes that have sold more than once. The repeat sales model analyzes differences in property sales prices for the same home over time. The three hypotheses of the first chapter are explored in this alternative model. The implicit price obtained from the repeat sales model is much larger than the regular hedonic model. However, there are some concerns with the smaller population of repeat sales.

Il y aujourd'hui a un intérêt croissant pour la relation entre les matériaux textiles et les êtres humains, et le confort est devenu beaucoup plus important pour les consommateurs au cours des dernières années.Pour cette raison notre travail est basé sur l’optimisation de la caractérisation du confort (confort au porter) pour des étoffes utilisées principalement pour fabriquer des chemises d’homme.A cet effet, plusieurs méthodes ont été utilisées :- Analyse instrumentale : nous avons utilisé des méthodes instrumentales habituelles afin de mesurer les propriétés : - mécaniques en (cisaillement, flexion, compression, frottement et état de surface) ainsi - thermique (sensation chaud-froid)Physique (perméabilité à l'air, absorption capillaire...etc.).- Analyse sensorielle: nous avons utilisé à cet effet, le panel sensoriel développé au sein du LPMT depuis 2001. Elle a permis de réaliser l'évaluation quantitative descriptive des produits sélectionnés et fournis par notre partenaire industriel. - Analyse hédonique: Evaluation du confort ressenti de la chemise confectionnée grâce à une enquête « consommateurs ».- Etude marketing Evaluation de l’influence de la notion de « marque » ou une mention « traitement innovant » sur l’évaluation du confort des étoffes utilisée en comparaison avec l’évaluation du confort par le toucher et le touche-vue. - Etude patronage : Optimisation du processus de « développement produit » en prenant en compte la satisfaction attendue du consommateur en particulier en termes de confort. Elle consiste en l’étude des relations entre les paramètres physique du patron et les caractéristiques mécaniques des tissus utilisés obtenues dans la première partie de cette recherche.Cette combinaison d’analyse nous a permet de proposer une nouvelle procédure de conception de produit confectionné prenant en compte le confort et les attentes du consommateur et en particulier dans le cas du développement de « chemise d’homme ». / Nowadays there is a growing interest in the relation between the textile materials and human being, and the comfort has become much more important to consumers. For this reason our work is based on optimization of the characterization of the comfort (wearing comfort) in relation with the fabrics used to produce men’s shirts. To achieve this study, several methods of analysis have been used:- Instrumental analysis: To measure mechanical properties, classical characterization tools have been used to measure:Mechanical properties (shear, bending, compression, friction and surface) Thermal comfort (warm-cool sensation)Physical properties (air permeability, capillary absorption ... etc. . .). - Sensory analysis: Thanks to the trained panel that has been developed and used since 2001 at LPMT, the quantitative descriptive evaluation of the selected product using has been carried out.- Hedonic Analysis: Evaluation of comfort by consumer surveys.- Marketing study: To investigate the influence of the brand or some innovative mention like “anti-sweat ring” on the comfort evaluation of fabrics, in comparison with the evaluation realized by touching or by touching-seeing.- Blocks analysis: it aims to optimize the processes of product development, taking in consideration the requested consumer’s satisfactions especially in term of comfort. It consists of studying the relation between the block parameters and the mechanical properties of the fabric used to produce the product.This combination of analysis allows us to have a new conception procedure for the development of clothing product taking in account the comfort and the consumer’s expectation particularly in the men shirt development.

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