Hedonic Price Method: Racionality of Usage in the Czech Republic shown on example of surface winning
| Authors | |
|---|---|
| Year of publication | 2008 |
| Type | Article in Proceedings |
| Conference | Sustainable accounting and reporting on micro-economical and macro-economical level |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | Hedonic price method; rationality; non-market methods; price; value |
| Description | Appraisement of any goods (items, services) is usually done by offer and demand comparison, i.e. by comparing of the costs of creating the good (offer price) against the expected profit from its use (demand price). His comparison is being done in most of the goods in the private sector. However much more difficult is the appraisement of goods with non-existing markets (or imperfect ones), such is in the case of the various environmental goods and services. For appraisement of these environmental sources as well as for appraisement of the environmental damage and losses, the methods of non-market valuation are being used. |