Au travers du cas de la viticulture bordelaise, nous nous demandons dans quelle mesureles prix fonciers sont porteurs de dimensions patrimoniales. Pour répondre à cette question,nous appréhendons le patrimoine comme un ensemble construit de biens et d’institutions,historiquement et territorialement situé, vecteur de formes organisationnelles spécifiques à laviticulture bordelaise. Nous mettons en évidence que le foncier peut être appréhendé commel’un des biens par lequel se construit le patrimoine viticole, les dimensions patrimoniales dela viticulture bordelaise étant révélées par les préférences des acteurs sur le marché foncier.À partir de cette hypothèse et dans le cadre d’une analyse hédonique, nous étudions les prixdes terres viticoles non bâties, vendues entre 2002 et 2010 en Gironde. Ce travail s’appuie surune base de données géographiques multisources originale et sur les techniques d’économétriespatiale. Nous montrons que la construction des valeurs foncières sur le marché porte les tracesde l’histoire de la viticulture bordelaise et de son rapport, passé et futur, au territoire. / Through a case-study of wine-farming in Bordeaux, this thesis aims to analyse how vineyardprices reflect heritage. We define heritage as a set of properties and institutions which arehistorically and territorially located. Locally, this defines organisations specific to the Bordeauxviticulture. We show that farmland can be an asset through which the viticulture heritage isbuilt. We assume that the value of this heritage is revealed by the preferences of agents onthe farmland market. From this assumption and through a hedonic analysis, we analyse theprice of vineyards sold between 2002 and 2010 in the Gironde department in France. Thiswork is based on an original multisource geographic information systeme data and uses spatialeconometric techniques. We show that vineyard prices on the market are the reflection of thelocal viticulture and of its past and future links to the territory.

My Diploma thesis is focused on economic evaluation of gratuitous goods, especially on hedonic price method. The core of this paper is theoretical description and practical usage of HPM. Main theme is "Influence of plantscape on flat price.

Att välja var man ska bo är ett stort beslut för människor där många faktorer spelar in. Med den växande kriminella närvaron och skjutvåldet i Sverige som det ofta skrivs om i media är det inte orimligt att tro att även detta spelar in, människor vill vara trygga där de bor. I denna studie undersöker vi genom en tvärsnittsanalys huruvida det föreligger ett samband mellan priset på bostadsrätter i Stockholms län under 2019 och antalet skjutningar i närområdet under 2018. Genom att kontrollera för sannolikheten att det skjuts i ett område kan vi sedan hantera en skjutning som slumpmässig händelse. Inledningsvis tyder resultatet på ett negativt samband men allt eftersom vi inkluderar kontrollvariabler för att göra skjutningarna slumpmässiga minskar effekten och sambandet blir slutligen svagt positivt. Slutsatsen blir att ytterligare studier behövs för att kunna fastställa den verkliga effekten. / Choosing where to live is an important decision for individuals, influenced by numerous factors. With the growing presence of criminal activities and gun violence in Sweden, often highlighted in the media, it is not unreasonable to consider that this factor also plays a role as people seek safety in their residential areas. This study conducts a cross-sectional analysis to investigate the potential correlation between the prices of condominiums in Stockholm County during 2019 and the number of shootings in the nearby area during 2018. By controlling for the probability of shootings in an area, we aim to treat a shooting incident as a random shock. Initially, the results suggest a negative correlation, yet as we include further controls to treat the shootings as random occurrences, the effect diminishes, ultimately resulting in a weakly positive correlation. Consequently, the conclusion drawn is that further research is necessary to conclusively determine the actual impact.

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This dissertation consists of three empirical essays on labor, health, and real estate economics. The first essay theoretically and empirically analyzed the effects of the costs of firing an employee and hiring a replacement in a labor market with imperfect information. The theory suggested that increased expected firing or replacement costs contributed to a ``lemons effect" for the fired worker through the negative signal received in the labor market regarding the worker's ability. To test this theory, data from the Displaced Worker's Supplement to the Current Population Survey from 2004 to 2014 was used. The results were mixed, but suggested that workers in the United States who were displaced from their job experienced decreased probabilities of finding reemployment as firing costs increased. The essay also examined whether this ``lemons effect" contributed to larger wage decreases, but the estimates did not support this conclusion. The second essay estimated the impacts of the 2001 elimination of the Medicare 24-month waiting period for non-elderly Amyotrophic Lateral Sclerosis (ALS) patients. Using data from the National Hospital Discharge Survey, this essay estimated the effects of the elimination on health insurance coverage and utilization of health care services. By applying a difference-in-difference OLS estimation technique, it was estimated that, as a result of the waiting period elimination, non-elderly ALS patients were more likely to be insured, but there was a significant crowd-out of private insurance. These non-elderly patients who were admitted to the hospital with serious symptoms were also more likely to be transferred to long- or short-term care facilities while non-serious patients were more likely to receive a high (four or more) number of medical services while hospitalized. In the third essay, the effects of a new suburban casino on local housing prices were evaluated. Similar to the second essay, a difference-in-difference approach was applied, but it was combined with a spatial hedonic pricing model. Using data from a GIS product from the Maryland Department of Planning and local-area data from the American Community Survey, the effects that the opening of Maryland Live! Casino had on home sales prices of properties located in primary (one-mile radius) and secondary (one to three miles) impact areas were estimated. The results of the estimations indicated that the opening of the casino had a positive impact on housing prices in the primary impact area and this impact likely began during the construction period. No impacts, however, were evident in the secondary impact area. / Economics

This paper analyzes the characteristics that influence the revenue of Airbnb listings in Sweden, aiming to uncover the factors driving high competition in the hotel business due to the sharing economy. By investigating the relationship between Consumer Trust The- ory and Hedonic Pricing Theory in the context of Airbnb, the study identifies variables that contribute to the success of hosts in this sector. Utilizing panel data analysis with panels nested in host ID and property ID, the research integrates theoretical concepts and empirical data to offer practical applications for hosts seeking to enhance their listings' performance. The findings reveal that Airbnb revenue positively correlates with a higher number of booked reservations, bedrooms, bathrooms, reviews, and photos. Listings with flexible cancellation policies and those priced in local currency also experience increased revenue. Conversely, long stay duration requests from hosts, shared accommodation rooms, and instant bookings are associated with lower revenue. These results provide valuable insights for optimizing revenue strategies and improving platform design. The implications of this research extend to Airbnb hosts and online platform designers, offer- ing strategies to enhance revenue and user experience. Furthermore, the study contributes to a broader understanding of the tourism sector in Sweden and lays a foundation for future academic research on the economic and sociological effects of home-sharing ser- vices.

The main purpose of this degree project is to reveal the Airbnb customer’s preferences and quantify the impact of non-market factors on the market price of tourist accommodation in Berlin, Germany. The data retrieved from Airbnb listings, publicly available on Inside Airbnb (2017), was supplemented on indicator of sharing economy accommodation using machine learning method in order to distinguish between amateur and business-running professional hosts. The main aim is to examine the consumers’ preferences and quantify the marginal effect of "real sharing economy" accommodation and other key variables on market price. This is accomplished by model approach using hedonic pricing method, which is used to estimate the economic value of particular attribute. Surprisingly, our data indicates the negative impact of sharing economy indicator on price. The set of motivations of consumers, which determine their valuation of Airbnb listings, was identified. The trade-off between encompass and parsimony of the set was desired in order to build an effective model. Calculation of proportion of explained variance showed that the price is affected mainly by number of accommodated persons, degree of privacy, number of bedrooms, cancellation policy, distance from the city centre and sharing economy indicator in decreasing order.

<p>This thesis consists of an introduction and four papers exploring various aspects of the Namibian economy. These aspects cover shadow pricing, environmental valuation and capital market development in Namibia.</p><p>Paper I estimates the shadow prices of capital, labour and foreign exchange for the Namibian economy. The results suggest that the shadow price of capital for Namibia is 7.2%. The economic costs of Namibian labour, as a share of financial costs, are 32% for urban semi- and unskilled labour, and 54% for rural semi- and unskilled labour. The economic cost of foreign labour as a share of financial costs is 59%. The estimated shadow exchange rate factor is 4% for the Namibian economy.</p><p>Paper II derives a set of accounting price ratios (APRs) for the various economic sectors of Namibia by using the Semi-Input–Output (SIO) Technique. An APR is the ratio between the market or financial price and the efficiency or economic value of a specific commodity or sector, which is useful for the economic analysis of investment or development initiatives. This larger set of APRs, derived on the basis of information contained in a Namibian Social Accounting Matrix (SAM), should be useful in improving the effective appraisal of development projects and other major investment programmes in Namibia.</p><p>Paper III analyses returns and volatility on the Namibian and South African stock markets, using the daily closing indices of the Namibian Stock Exchange (NSX) and the Johannesburg Stock Exchange (JSE). The sample covers the period from 4 January 1999 to 20 March 2003. The methodology has three main parts: (i) unit root tests, (ii) cointegration analysis, and (iii) volatility modelling. The results show that the two markets exhibit very low correlations, and there is no evidence of a linear relationship between the markets. Furthermore, a volatility analysis shows evidence of no spillover effects. These results suggest that the NSX could be an attractive risk diversification tool for regional portfolio diversification in southern Africa</p><p>Paper IV studies the determinants of property prices in the township areas of Windhoek, the capital of Namibia. The work‟s major finding is that properties located close to an environmental bad (e.g. garbage dump) sell at considerable discounts. On the other hand, properties located near an environmental good (e.g. a recreational open space) sell at a premium. These results provide evidence of the importance of environmental quality in lower-income property markets in developing countries. It is important, therefore, for Namibian urban planners to incorporate environmental quality into the planning framework for lower-income areas.</p>

This thesis consists of an introduction and four papers exploring various aspects of the Namibian economy. These aspects cover shadow pricing, environmental valuation and capital market development in Namibia. Paper I estimates the shadow prices of capital, labour and foreign exchange for the Namibian economy. The results suggest that the shadow price of capital for Namibia is 7.2%. The economic costs of Namibian labour, as a share of financial costs, are 32% for urban semi- and unskilled labour, and 54% for rural semi- and unskilled labour. The economic cost of foreign labour as a share of financial costs is 59%. The estimated shadow exchange rate factor is 4% for the Namibian economy. Paper II derives a set of accounting price ratios (APRs) for the various economic sectors of Namibia by using the Semi-Input–Output (SIO) Technique. An APR is the ratio between the market or financial price and the efficiency or economic value of a specific commodity or sector, which is useful for the economic analysis of investment or development initiatives. This larger set of APRs, derived on the basis of information contained in a Namibian Social Accounting Matrix (SAM), should be useful in improving the effective appraisal of development projects and other major investment programmes in Namibia. Paper III analyses returns and volatility on the Namibian and South African stock markets, using the daily closing indices of the Namibian Stock Exchange (NSX) and the Johannesburg Stock Exchange (JSE). The sample covers the period from 4 January 1999 to 20 March 2003. The methodology has three main parts: (i) unit root tests, (ii) cointegration analysis, and (iii) volatility modelling. The results show that the two markets exhibit very low correlations, and there is no evidence of a linear relationship between the markets. Furthermore, a volatility analysis shows evidence of no spillover effects. These results suggest that the NSX could be an attractive risk diversification tool for regional portfolio diversification in southern Africa Paper IV studies the determinants of property prices in the township areas of Windhoek, the capital of Namibia. The work‟s major finding is that properties located close to an environmental bad (e.g. garbage dump) sell at considerable discounts. On the other hand, properties located near an environmental good (e.g. a recreational open space) sell at a premium. These results provide evidence of the importance of environmental quality in lower-income property markets in developing countries. It is important, therefore, for Namibian urban planners to incorporate environmental quality into the planning framework for lower-income areas.