We examine theoretically and empirically the properties of the equilibrium wage function and its implications for policy. Our emphasis is on how the researcher approaches economic and policy questions when there is labor market heterogeneity leading to a set of wages. We focus on the application...

This paper proposes maximum likelihood estimators for panel seemingly unrelated regressions with both spatial lag and spatial error components. We study the general case where spatial effects are incorporated via spatial errors terms and via a spatial lag dependent variable and where the...

This paper proposes an assignment model where sorting occurs on attributes including both skills (Sattinger, 1979) and preferences (Tinbergen, 1956). The key feature of this model is that the wage function admits both jobs' and workers' attributes as arguments. Since this function is generically...

Es wird vielfach vermutet, daß die Software-Industrie von starken Netzwerkeffekten geprägt ist. Doch wie hoch sind die Netzwerkeffekte wirklich? Für die Messung der Netzwerkeffekte bietet sich der hedonische Preisansatz an. Zwei Anwendungen des hedonischen Preisansatzes in der...

Markennamen spielen eine wichtige Rolle im Wirtschaftsleben. Doch wie hoch ist ihr Wert wirklich? Der hedonische Preisansatz ist geeignet, den Wert von Markennamen auf Produktebene zu bestimmen. Er wird in dieser Arbeit vorgestellt und auf die Surfboard-Industrie angewandt. Die...

Organic production techniques are an increasing, though minor so far, part of agriculture, and organic wines are increasingly produced and appreciated. Nevertheless, since the organic technique is more costly, a crucial question is whether organic wines benefit from a price premium. In this...

We use a hedonic house price model to estimate the value of green spaces and parks to homeowners in the Dublin area. Using a dataset of house sales between 2001 and 2006 and combining it with available data on the location of green spaces in Dublin it is possible to assess the different values...

We examine the implications of using hedonic regressions of house values as the basis for property tax assessment in the Republic of Ireland. Ad valorem property taxes are more equitable than flat rate taxes, but their equity benefits can be reduced if the relative values of dwellings are...

The single largest project under the Irish National Development Plan (NDP) 2007-2013, is the construction of a Metro system. Despite the fact that this is the largest project under the NDP and the government's transport strategy, Transport 21, no cost benefit analysis on the project has been...

In der vorliegenden Arbeit werden für Berliner Mietshäuser praktikable multiple Regressionsmodelle, sog. hedonische Modelle zur Wertermittlung von Mietwohnhäusern und Wohn- und Geschäftshäusern entwickelt. Die hedonische Bewertungsmethode beurteilt Objekte nach ihren intrinsischen Werten...