Hedonic pricing - Revision history

Designing Buildings at 07:37, 5 March 2021

2021-03-05T07:37:24Z

← Older revision		Revision as of 07:37, 5 March 2021
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	* Whole life value.		* Whole life value.

−	[[Category:~~Definitions~~]] [[Category:~~DCN_Definition~~]] [[Category:Cost_/_business_planning]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Definitions]] [[Category:Cost_/_business_planning]]

Designing Buildings at 13:30, 9 April 2020

2020-04-09T13:30:27Z

← Older revision		Revision as of 13:30, 9 April 2020
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−	RICS Insight Paper ‘[https://www.rics.org/globalassets/rics-website/media/knowledge/research/insights/value-of-natural-capital-the-need-for-chartered-surveyors-rics.pdf Value of natural capital - the need for chartered surveyors]’ published by the Royal Institution of Chartered Surveyors in 2017 describes hedonic pricing as a revealed preference method of valuation that draws on the revealed preferences of stakeholders.	+	RICS Insight Paper ‘[https://www.rics.org/globalassets/rics-website/media/knowledge/research/insights/value-of-natural-capital-the-need-for-chartered-surveyors-rics.pdf Value of natural capital - the need for chartered surveyors]’ published by the Royal Institution of Chartered Surveyors in 2017, describes hedonic pricing as a revealed preference method of valuation that draws on the revealed preferences of stakeholders.

−	In hedonic pricing: property transaction data are analysed to determine the influence of the factor being valued, for example proximity to open space or location in a National Park. This relies on having sufficient data to produce a robust analysis.	+	In hedonic pricing: 'property transaction data are analysed to determine the influence of the factor being valued, for example proximity to open space or location in a National Park. This relies on having sufficient data to produce a robust analysis.'

	Other revealed preference methods include:		Other revealed preference methods include:

	* Travel cost methods.		* Travel cost methods.
−	* Avertive expenditure (or avertive behaviour ~~method~~).	+	* Avertive expenditure (or avertive behaviour methods).
	* Replacement cost.		* Replacement cost.
	* Direct market valuation.		* Direct market valuation.
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	* Whole life value.		* Whole life value.

−	[[Category:Definitions]] [[Category:Cost_/_business_planning]]	+	[[Category:Definitions]] [[Category:DCN_Definition]] [[Category:Cost_/_business_planning]]

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2020-04-09T13:29:01Z

Created page with "RICS Insight Paper ‘[https://www.rics.org/globalassets/rics-website/media/knowledge/research/insights/value-of-natural-capital-the-need-for-chartered-surveyors-rics.pdf Value o..."

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RICS Insight Paper ‘[https://www.rics.org/globalassets/rics-website/media/knowledge/research/insights/value-of-natural-capital-the-need-for-chartered-surveyors-rics.pdf Value of natural capital - the need for chartered surveyors]’ published by the Royal Institution of Chartered Surveyors in 2017 describes hedonic pricing as a revealed preference method of valuation that draws on the revealed preferences of stakeholders.

In hedonic pricing: property transaction data are analysed to determine the influence of the factor being valued, for example proximity to open space or location in a National Park. This relies on having sufficient data to produce a robust analysis.

Other revealed preference methods include:

* Travel cost methods.
* Avertive expenditure (or avertive behaviour method).
* Replacement cost.
* Direct market valuation.

Approaches other than the revealed preference method include:

* Stated preference valuation.
* Value transfer/benefit transfer.

= Related articles on Designing Buildings Wiki =

* Environmental value concepts.
* Natural capital.
* RICS.
* Stated preference valuation.
* Valuation.
* Value added.
* Value engineering.
* Value management techniques.
* Value management.
* Value planning.
* Value.
* Whole life value.

[[Category:Definitions]] [[Category:Cost_/_business_planning]]