How to Measure Scope Variables when no Metrics Exist : Application to Landscape Quality Measurement and Hedonic Price Evaluation

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Ressource 1Download: BIB_454FD3B4C2BC.P001.pdf (475.41 [Ko])
State: Public
Version: Final published version
Serval ID
serval:BIB_454FD3B4C2BC
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
How to Measure Scope Variables when no Metrics Exist : Application to Landscape Quality Measurement and Hedonic Price Evaluation
Journal
Revue d'économie politique
Author(s)
Soguel N., Tangerini A., Pictet J.
ISSN
0373-2630
Publication state
Published
Issued date
2007
Peer-reviewed
Oui
Volume
117
Number
5
Pages
827-841
Language
english
Abstract
Landscape is an example of a non-market good where no metrics exist to measure its quality. The paper proposes an original methodology to nevertheless estimate scope variables in those circumstances, allowing then to better test if people's willingnesstopay for such good is sensitive to the scope. The methodology is based on techniques developed in the context of multicriteria decision analysis. It is applied to assess the quality of the landscape of several Swiss alpine resorts. This assessment is then used as an explanatory variable in a hedonic price function to explain the rent of apartments and to derive an implicit price of the landscape quality.
Keywords
scope effect, landscape quality, landscape value, macbeth, silent negotiation
Open Access
Yes
Create date
17/07/2014 17:00
Last modification date
20/08/2019 14:50
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