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The Analysis of the Potential Environmental Benefits by Investigating the Hedonistic Price

Author

Listed:
  • Giani Gradinaru

    (Academy of Economic Studies, Bucharest)

  • Raluca Ignat

    (Academy of Economic Studies, Bucharest)

Abstract

Consumers get some usefulness from the attributes of heterogeneous products and they adjust their acquisitions as a response to the existing differences. Producers or vendors confront with varying prices depending on the scale of attributes provided. A plan for balancing the prices is developed as a consequence of the market interaction between the consumers and suppliers (by analogy it happens in the case of the interaction between employees and employers on the labour market). Taking into consideration the late concepts regarding hedonistic price, the article presents a way of analysis of potential benefits that environment may offer to human communities by hedonistic price investigation, using regression as instrument.

Suggested Citation

  • Giani Gradinaru & Raluca Ignat, 2008. "The Analysis of the Potential Environmental Benefits by Investigating the Hedonistic Price," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 7(7(524)), pages 27-36, July.
    • Handle: RePEc:agr:journl:v:7(524):y:2008:i:7(524):p:27-36
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