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Upper and lower limits of overestimation ratio of hedonic measure

Research Project

Project/Area Number 22653029
Research Category

Grant-in-Aid for Challenging Exploratory Research

Allocation TypeSingle-year Grants
Research Field Applied economics
Research InstitutionTokyo Institute of Technology

Principal Investigator

HIDANO Noboru  東京工業大学, 社会理工学研究科, 教授 (90111658)

Project Period (FY) 2010-04-01 – 2013-03-31
Project Status Completed (Fiscal Year 2013)
Budget Amount *help
¥2,620,000 (Direct Cost: ¥2,200,000、Indirect Cost: ¥420,000)
Fiscal Year 2012: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2011: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2010: ¥800,000 (Direct Cost: ¥800,000)
Keywordsヘドニック評価値 / 過大評価率 / 一般均衡モデル / 消費者の異質性 / 多地域 / ノンパラメトリック推定 / hedonic approach / capitalization / heckman approach / overestimation ratio / semi-parametric / ヘドニック / キャピタリゼーション仮説 / 一般化過大評価定理
Research Abstract

The purpurse of this research is to estimate upper and lower bound of hedonic measure when applied to estimate benefits of an environmental project. We proved that Kanemoto's overstiamtion theorem (1988) can be vaid even for many types of heterogeious consumer exist. We also demonstrated the overestiamtion ratios,i.e. hedonic measure over gross benefit, can be applicable to most of the cases within resonable ranges.

Report

(4 results)
  • 2013 Final Research Report ( PDF )
  • 2012 Annual Research Report
  • 2011 Annual Research Report
  • 2010 Annual Research Report
  • Research Products

    (11 results)

All 2014 2013 2012 2010 Other

All Journal Article (2 results) Presentation (6 results) (of which Invited: 1 results) Book (3 results)

  • [Journal Article] 環境経済学における心理的社会的要因を考慮した環境質の評価2013

    • Author(s)
      肥田野登
    • Journal Title

      環境科学会誌

      Volume: 26(1) Pages: 68-72

    • NAID

      10031140654

    • Related Report
      2013 Final Research Report 2012 Annual Research Report
  • [Journal Article] 環境経済評価における異質性2012

    • Author(s)
      肥田野登, 加藤尊秋
    • Journal Title

      環境科学会誌

      Volume: 25(6) Pages: 448-450

    • Related Report
      2013 Final Research Report
  • [Presentation] The effect of seismic hazard risk information on property prices: evidence from a regression discontinuity design2014

    • Author(s)
      Hidano, N, T.Hoshino, A.Sugiura
    • Organizer
      5th World Congress of Environmental and Resource Economists
    • Place of Presentation
      Istanbul
    • Year and Date
      2014-07-01
    • Related Report
      2013 Final Research Report
  • [Presentation] The effect of seismic hazard risk information on property prices: eidence from a regression discontinuity design2014

    • Author(s)
      Hidano
    • Organizer
      5th world congress of environmental and resource economists
    • Place of Presentation
      Istanbul
    • Related Report
      2012 Annual Research Report
  • [Presentation] 環境経済評価における異質性Heterogeneity in Environmental Economic Valuation2012

    • Author(s)
      肥田野登
    • Organizer
      環境科学会学術賞受賞記念シンポジュウム
    • Place of Presentation
      横浜
    • Year and Date
      2012-09-13
    • Related Report
      2013 Final Research Report
    • Invited
  • [Presentation] Incorporat ing regional heterogeneity into hedonic valuation of local public goods2012

    • Author(s)
      Hidano, N, T, Hoshino, A.Sugiura
    • Organizer
      European Association of Environmental and Resource Economics (EAERE) 19th Annual Conference
    • Place of Presentation
      Prauge
    • Year and Date
      2012-06-28
    • Related Report
      2013 Final Research Report
  • [Presentation] Incorporating locational and directional heterogeneity in hedonic approaches: an estimation of economic value of open space2010

    • Author(s)
      Hoshino, T, N.Hidano, A.Sugiura
    • Organizer
      4th World Congress of Environmental and Resource Economists
    • Place of Presentation
      Montreal
    • Year and Date
      2010-07-01
    • Related Report
      2013 Final Research Report
  • [Presentation] Incorporating Regional Heterogeneityinto Hedonic Valuations of Local Public Goods

    • Author(s)
      Noboru HIDANO
    • Organizer
      19th annual confernce of european asociation of environment and resource economists
    • Place of Presentation
      Pruge
    • Related Report
      2011 Annual Research Report
  • [Book] 東日本大震災による液状化に伴うリスク認識がマンション価格に与える空間的自己相関を考慮したセミパラメトリック分析, 東京都不動産鑑定士協会共同研究シリーズIV-22013

    • Author(s)
      肥田野登
    • Publisher
      東京都不動産鑑定士協会
    • Related Report
      2013 Final Research Report
  • [Book] 空間多様性を考慮したヘドニックアプローチの開発:新たな試み, 東京都不動産鑑定士協会共同研究シリーズIV-22013

    • Author(s)
      肥田野登
    • Publisher
      東京都不動産鑑定士協会
    • Related Report
      2013 Final Research Report
  • [Book] 空間の多様性を考慮したヘドニックアプローチの開発, 東京都不動産鑑定士協会共同研究シリーズIV-12010

    • Author(s)
      肥田野登
    • Publisher
      東京都不動産鑑定士協会
    • Related Report
      2013 Final Research Report

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Published: 2010-08-23   Modified: 2019-07-29  

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