Who Was First? An Examination of an Early Hedonic Study
研究发现G. C. Haas在A. T. Court首次使用“享乐”一词的15年前就完成了享乐研究,应用于农业土地价格,重点关注到市中心距离和城市规模,其模型在无计算机时代表现良好。
G. C. Haas produced a hedonic study more than 15 years prior to A. T. Court who first published the term hedonics. Haas's application was to agricultural land prices with a particular focus on distance to the city center and city size. Thus, Haas's work has much of the flavor of contemporary urban economics. A reestimation of Haas's model reveals that he did a respectable job in an age before computational machinery was available. The estimation of a new model reveals a tiny value gradient and shows that some of Haas's adjustments to price, especially his time adjustments, were amazingly accurate.