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Price Premium for High-Efficiency Refrigerators and Calculation of Price-Elasticities for Close-Substitutes: Combining Hedonic Pricing and Demand Systems
(Basque Centre for Climate Change/Klima Aldaketa Ikergai, 2011-08-30)
This article uses the hedonic pricing method to estimate the price premium paid for the highest energy-efficiency label (A+) in the refrigerators market of the Basque Autonomous Community (Spain). The estimated figure is ...
The Equivalency Principle for Discounting the Value of Natural Assets: An Application to an Investment Project in the Basque Coast
(Basque Centre for Climate Change/Klima Aldaketa Ikergai, 2011-10-10)
Making decisions about optimal investments in green infrastructure necessitates setting social discount rates. This paper suggests a practical way for determining the discount rate for projects or programmes in which one ...