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- W2024652382 abstract "This paper addresses the following question: Why do island prices vary across locations? To answer this question, an econometric model is developed to explain differences in island prices with respect to their characteristics (distance from the coast, size, economic and political situation of the membership State). The findings suggest that an island price is likely to increase with its size and temperature. Similarly, islands which exhibit greater geographical isolation tend to be more highly valued. Moreover, the price of islands increases in response to an increase in per capita income and population density of the States to which they belong, reflecting the importance of the public good and externality dimension embodied in real estate parcels. On the contrary, political instability and war-proneness of the membership States have no effect on an island price." @default.
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- W2024652382 date "2003-09-01" @default.
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- W2024652382 title "A hedonic price model for islands" @default.
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- W2024652382 doi "https://doi.org/10.1016/s0094-1190(02)00506-5" @default.
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