The AA. examine profit, price, output and welfare under mill and uniform pricing in a monopolistic spatial market with nonlinear demand, a general consumer distribution function, and a general transportation cost function.
Minimum differentiation is never total-surplus-maximizing nor desired by firms. In most cases the regulator sets a price below that maximizing industry profits. For a substantial range of market configurations the regulated (first-best) price
The AA. study the cointegrating space spanned by Italian regional relative prices and per capita GDPs. They combine panel data with vector error correction model estimation in an approach which is still under development. Regional prices, which
deviate from the law of one price, cointegrate with relative per capita GDPs.
Urban consolidation and house prices : a case study of Melbourne 1990-2004
Australia ; Housing ; Housing cost ; Housing market ; Market segmentation ; Melbourne ; Pricefixing ; Real estate development ; Spatial distribution ; Victoria
The paper explores the links between a strategic policy and house prices by examining the changes in the mix of housing and in house price. Urban consolidation could be seen as a source of additional supply but also as a stimulus to demand
(by developers). Analyses were carried out at the metropolitan and sub-regional scales. This policy has not been associated with price changes.
The A. develops an approach to the modeling of spatial pricing. He hypotheses that competition between corporations takes place at two spatial scales. At the intraurban scale, corporations compete for market share through their franchise sites
, and competition is defined in terms of the strategies of the individual corporations as they adjust their delivered prices to urban markets in response to changes in their costs of production and distribution. There exists at least one spatial price equilibrium.
A change in the policy climate? Current European perspectives on road pricing
Attitude ; Behaviour ; Congestion ; Europe ; European Union ; Pricefixing ; Road ; Tariff rate ; Transport cost ; User Behaviour
The paper traces changes in attitudes towards road pricing in the European Community, both on the part of the politicians and the general public and its representative organisations, across the range of member states and their geographical
neighbours. it identifies the development of a European congestion consciousness. Important role played by municipalities. Road-pricing policy is examined.
The choice of functional form and variables in the hedonic price model in Seoul
Hedonistic model ; Housing ; Housing market ; Methodology ; Multivariate analysis ; Preference ; Pricefixing ; Seoul ; South Korea
This study demonstrates that the important part of exploring the proper functional form of the hedonic price model would include investigating a dissimilar and unique hedonic price structure when the model is applied to different housing markets
Sequential sales of similar assets : the law of one price and real estate
Condominium ; Hedonistic model ; Housing ; Pricefixing ; Real estate development ; Real estate market ; Singapore
The paper examines price evolution in the condominium market in Singapore where similar units are sold sequentially in a setting with minimum consumption risk. The results indicate no pervasive sequence-price relationship for sequential sales
Mill pricing and spatial price discrimination: monopoly performance and location with spatial retail markets
Location ; Market area ; Population density ; Pricefixing ; Retail trade ; Spatial economy ; Spatial equilibrium ; Transport cost
of the two markets. Comparisons of mill pricing and spatial price discrimination found in the spatial monopoly literature can be interpreted as special cases of the more general framework provided here.
The impact of crime on apartment prices : evidence from Stockholm, Sweden
Criminality ; Geographical information system ; Hedonistic model ; Housing ; Housing cost ; Impact ; Pricefixing ; Real estate property ; Spatial analysis ; Stockholm ; Sweden ; Urban area
The study employs hedonic pricing modelling to estimate the impact of crime controlling for other factors (property and neighbourhood characteristics). GIS is used to combine apartment sales by coordinates with offences, land use characteristics
and demographic data of the population. It explores a set of land use attributes created by spatial techniques in GIS in combination with detailed geographical data in hedonic pricing modelling. Spatial lag variables of offense rates are incorporated
into the model. The study provides evidence of the impact of crime on housing prices in a city of a traditional welfare state.
Spatial heterogeneity in hedonic house price models : the case of Austria
regression (MGWR) prevents the limitations of fixed effects by exploring spatially stationary and non-stationary price effects. Besides reducing prediction errors, it is concluded that global model misspecifications arise from improper selected fixed effects.
This article examines spatial heterogeneity (SH) in hedonic single-family-house price models through the case of Austria. Due to SH beyond the level of regional indicators, locally weighted regressions are proposed. Mixed geographically weighted