Hidano, Noboru. 　著

内容

目次

The hedonic approach: development of the hedonic conception; Rosen'smethod and work in the 1970s - Sherwen Rosen's breakthrough, Ohta's work;econometrics after the 1980s - criticisms from James Brown and Harvey Rosen,other econometric analyses; Scotchmer's crucial comments; reconsideration ofcapitalization theory. Theory of capitalization hypothesis: two types ofcapitalization - time series and comparative statics capitalization, crosssectional capitalization; theory of cross sectional capitalization - solutionof Cobb-Douglass production and utilites, overestimation theorem and equalitycondition (Kanemoto's Theory); extension - the case of hetergeneous consumerand land use control for production, the case of short run evaluation;conclusion. Hedonic measure as an approximation of benefit: introduction;examination of overestimation ratio; results - the area covered by theproject and overstimation ratio, the intensity of the project andoverestimation ratio, the robustness of the results in different rates ofsubstitution; an extension - CES functions, model and results, the case ofhetergeneous consumers. Empirical examination of the accuracy of the hedonicapproach: large national project evaluation; introduction of accessibilityand the model revised; parameter estimation method and data - the data,results of the parameter estimation; results - the comparison of hedonicmeasures and the benefit, the comparison of the hedonic measure estimate bynational hedonic functions and the benefit; conclusion. Comparison withcontingent valuation method: meaning of comparison; air pollution; waterpollution; conclusion. Estimation of hedonic price function: introduction;market segmentation and sample size for hedonic analysis; types of propertydata - bias of assessed prices, possibly bias in transaction data, housingprice transformation into land price; explanatory characteristics of property- variables for housing land price function, housing price transformationinto land price; explanatory characteristics of property - variables forhousing land price function, variables for commerce or office use land inJapan; making variables fit the reality - institutional restriction, reliabledistance measure on foot, introduction of accessibility measure, assignmentof site-specific value; hedonic price function and unit and form of variables- unit of dependent variable, adjustment of a real estate price multi-perioddata, functional and variables' form and estimation. Hedonic price method inestimating the value of environmental and institutional regulation:introduction; changes in consumer preference on an upper level housing estateduring 1934 and 1985 in Tokyo; amenity value - value of riverside park andflood risk value, value of access to a large-scale park and the value ofrailway services, values of a view of symbolic landscape - the case of flatsin Tokyo, values of residential green vegetation environment and (PartContents).