Hedonic modeling to explore the relationship of cell phone plan price and quality in Croatia

Forenbacher, Ivan; Peraković, Dragan; Husnjak, Siniša

doi:10.1016/j.tele.2016.03.008

Cited by 5 publications

(4 citation statements)

References 40 publications

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“…They used the coefficients to calculate different indices and concluded that it is more appropriate than the basket method since a hedonic approach is capable of considering real consumption characteristics and quantities. Forenbacher et al (2016) studied the changes in the prices and quality characteristics of mobile packages in Croatia between 2009 and 2013. They compiled the database from public data on the monthly fees and service characteristics of postpaid packages for the whole period.…”

Section: Review Of the Literature: The Hedonic Approach In Analysing ...mentioning

confidence: 99%

Measuring quality-adjusted price changes on the mobile market: a case study from Hungary

Pápai,

Nagy,

McLean

2024

DPRG

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Purpose This study aims to estimate the quality-adjusted changes in residential mobile consumer prices by controlling for the changes in the relevant service characteristics and quality, in a case study on Hungary between 2015 and 2021; compare the results with changes measured by the traditionally calculated official telecommunications price index of the Statistical Office; and discuss separating the hedonic price changes from the effect of a specific government intervention that occurred in Hungary, namely, the significant reduction in the value added tax rate (VAT) levied on internet services. Design/methodology/approach Since the price of commercial mobile offers does not directly reflect the continuous improvements in service characteristics and functionalities over time, the price changes need to be adjusted for changes in quality. The authors use hedonic regression analysis to address this issue. Findings The results show significant hedonic price changes over the observed seven-year period of over 30%, which turns out to be primarily driven by the significant developments in the comprising service characteristics and not the VAT policy change. Originality/value This paper contributes to the literature on hedonic price analyses on complex telecommunications service plans and enhances this methodology by using weights and analysing the content-related features of the mobile packages.

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Section: Review Of the Literature: The Hedonic Approach In Analysing ...mentioning

confidence: 99%

Measuring quality-adjusted price changes on the mobile market: a case study from Hungary

Pápai,

Nagy,

McLean

2024

DPRG

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“…In contrast to the theoretical foundations of Hedonic Model, this term is based upon the ''Lancaster (1966)'' theory of consumer demand (Forenbacher et al 2016). According to this theory, consumer makes their decisions on utilities of property attributes which were also considered in this case study.…”

Section: Review Literaturementioning

confidence: 99%

The impact of neighborhood services on land values: an estimation through the hedonic pricing model

2020

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A strong need exists to increase the knowledge and recognize the values of neighborhood services. This paper makes an attempt to examine the impact of neighborhood services on land values, through analysis based on results obtained from multi linear regression analysis. This case study was done in area of dense urban settlement to check the consequence of neighborhood services through the hedonic pricing model base variables which include the structural, locational, community and neighborhood services. The regression coefficient was checked at (p \ 0.05) level of significance for each variable. The primary data was collect through the questionnaire filling by random sampling and Punjab Urban Gazette was used for the verification of land values in study area. The results found a valuable potential on land and property values of neighborhood services through the regression analysis results express through R (0.926), R 2 (0.856) and coefficient tables to represent the effect of each individual variable on property and land values. Every individual variable play role in defining the values of land and property based upon its utilization such as larger the structure of a property, more the covered area, larger size of a property more the land area higher price. Similarly, for locational factor study in geography, a piece of land adjacent to the road have high land values 50-70% compare to those located at distance. Very less attention has been paid on such issues in the world due to lack of effective urban planning and research on such crucial issues. If empirical studies on such issue has been done, effective way can be obtained for urban planning.

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“…The hedonic approach has been widely applied in housing and mobile price forecasting. For instance, Kunovac et al (2008), Ramalho and Ramalho (2011) and Syed et al (2008) have used the hedonic approach for house and real-estate price estimation, while Forenbacher et al (2016) employed for cell phone plan price and quality. However, the merits of the application of hedonic regression modelling have not been still evidenced in running costs estimation of buildings, therefore, serves as the motivation for this study.…”

Section: Literature Reviewmentioning

confidence: 99%

Nexus between running costs and building characteristics of commercial buildings: hedonic regression modelling

Geekiyanage

Ramachandra

2020

BEPAM

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PurposeTraditionally, early-stage investment decisions on buildings purely based initial capital costs and simply ignored running costs and total lifecycle cost. This was basically due to the absence of estimating models that yield running costs at the early design stage. Often, when the design of a building, which is responsible for 10–15% of its total cost, is completed, 80% of the total cost is committed. This study aims to develop a building characteristic-based model, which is an early-stage determinant of running costs of buildings, to predict the running costs of commercial buildings.Design/methodology/approachA desk study was carried out to collect running costs data and building characteristics of 35 commercial buildings in Sri Lanka. A Pareto analysis, bivariate correlation analysis and hedonic regression modelling were performed on collected data.FindingsAccording to Pareto analysis, utilities, services, admin work and cleaning are four main cost constituents, responsible for 80% of running costs, which can be represented by highly correlated building characteristics of building height, number of floors and size. Approximately 94% of the variance in annual running costs/sq. m is expressed by variables of number of floors, net floor area and working hours/day together with a mean prediction accuracy of 2.89%.Research limitations/implicationsThe study has utilised a sample of 35 commercial buildings due to non-availability and difficulty in accessing running cost data.Originality/valueEarly-stage supportive running costs estimation model proposed by the study would enable construction professionals to benchmark the running costs and thereby optimise the building design. The developed hedonic model illustrated the variance of running costs concerning the changes in characteristics of a building.

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Hedonic modeling to explore the relationship of cell phone plan price and quality in Croatia

Cited by 5 publications

References 40 publications

Measuring quality-adjusted price changes on the mobile market: a case study from Hungary

Measuring quality-adjusted price changes on the mobile market: a case study from Hungary

The impact of neighborhood services on land values: an estimation through the hedonic pricing model

Nexus between running costs and building characteristics of commercial buildings: hedonic regression modelling

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