The price of a residential property represents a bundle of services or amenities provided by that...
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The price of a residential property represents a bundle of services or amenities provided by that house, including structural, neighborhood and environmental amenities. The value of environmental services that can be derived from observed housing prices is called: Onone of the above hedonic value Otravel cost O averting expenditure The price of a residential property represents a bundle of services or amenities provided by that house, including structural, neighborhood and environmental amenities. The value of environmental services that can be derived from observed housing prices is called: Onone of the above hedonic value Otravel cost O averting expenditure
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The answer is HEDONIC VALUE A hedonic pricing model is used to estimate quantitative values for ... View the full answer
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt , Eugene F. Brigham
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