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| Hedonisches Preismodell× | Contingent-Valuation-Methode× | |
|---|---|---|
| Fachgebiet | Volkswirtschaftslehre | Volkswirtschaftslehre |
| Familie≠ | Regression model | Process / pipeline |
| Entstehungsjahr≠ | 1974 | 1963 |
| Urheber≠ | Sherwin Rosen | Robert Davis |
| Typ≠ | Revealed preference valuation method | Stated preference valuation method |
| Wegweisende Quelle≠ | Rosen, S. (1974). Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition. Journal of Political Economy, 82(1), 34–55. DOI ↗ | Mitchell, R. C., & Carson, R. T. (1989). Using Surveys to Value Public Goods: The Contingent Valuation Method. Resources for the Future. link ↗ |
| Aliasnamen≠ | Hedonic Regression, Characteristics Pricing Model | CVM, Willingness-to-Pay Survey, WTP Elicitation |
| Verwandt | 3 | 3 |
| Zusammenfassung≠ | The hedonic pricing model, developed by Sherwin Rosen in 1974 and building on Kevin Lancaster's characteristics theory (1966), is an econometric method for valuing the implicit prices of product attributes by regressing market prices on observed characteristics. It reveals the trade-offs consumers are willing to make among product features and can be used to infer valuations of environmental amenities (e.g., air quality via house prices) and to adjust price indices for quality changes. | Contingent Valuation (CVM), developed by Robert Davis in the 1960s, is a survey-based method for estimating the economic value of non-market environmental goods and services—such as wilderness preservation, air quality, or species protection—by directly asking people their willingness to pay (WTP) for specified improvements or willingness to accept (WTA) compensation for losses. It provides a valuation where market prices do not exist. |
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