Diamonds are generally evaluated on the basis of sensory characteristics, such as carat (weight), colour, clarity and cut. However, given the experience goods nature of diamonds, few consumers grasp how the sensory characteristics of these stones are evaluated by the gemological grading...

We use hedonic analysis to show that water clarity has a significant effect on lakefront property values in the Near North Ontario, Canada. In this study, water clarity is measured by Secchi disc reading. Based on two different dependent variables; sales price and sales price per square foot,...