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583 result(s) for "price determinants"
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Determinants of Energy Prices in the European Union for the Period 2017–2025—An Econometric Analysis
Currently, a major challenge for European economies is the volatility of electricity prices, which affects costs borne by households and firms, as well as inflation, economic competitiveness, and energy security. Although the literature has analysed various determinants of electricity prices, there is still limited evidence on the comparative short- and long-term effects of fiscal factors, the natural gas market, and the transition to renewable energy within the Member States of the European Union. This paper analyses the relationship between household electricity prices and a set of economic, climate, and fiscal determinants in EU countries over the period 2017–2025, using panel data econometric methods. The methodology includes pooled OLS models, fixed and random effects estimators, unit root tests, cross-sectional dependence (Pesaran CD) tests, cointegration analysis, and a Panel ARDL-PMG framework, complemented by robustness checks using FMOLS and DOLS-type estimators. The results indicate the existence of a stable long-run equilibrium relationship between the analysed variables, as well as significant cross-sectional dependence among countries, reflecting common shocks and interconnected dynamics in EU energy markets. Fixed effects models are used as the baseline specification, while PMG-ARDL and other dynamic estimators are employed for robustness analysis. The results are consistent across different econometric specifications. The conclusions highlight the dominant role of Household Gas Prices as the main determinant of electricity prices, while energy productivity shows a positive association with electricity price levels. Climate variables exhibit weak and unstable effects, and environmental taxes do not show statistically significant impacts within the sample period. Overall, the findings underline the importance of energy market dynamics, structural factors, and the ongoing energy transition in shaping electricity price developments in the European Union.
The What, Where, and Why of Airbnb Price Determinants
Breakthrough changes in the rental market have occurred with the introduction of peer-to-peer accommodation services such as Airbnb. This phenomenon is attracting tourists who contribute to the sustainability of local trade and the economic development of the city. This research enriches the current debate on the range of factors that influence Airbnb accommodation prices. To that end, a method was developed to understand the relationship between Airbnb accommodation attributes and listing prices; and to consider variables related to the properties’ location and surrounding urban environment, considering the touristic characteristics of the four Spanish Mediterranean Arc cities selected as case study. A multivariable analysis technique is used for estimating a hedonic price model that adopts the ordinary least squares and the quantile regression methods. The findings obtained for the impact of location on listing prices are contrary to previous studies. In fact, accommodation prices increase incrementally by 1.3% per kilometer from the tourist area, which in all four cases are situated in the historic area of the city. However, at the same time, accommodation prices decrease incrementally as distance from the coastline increases. Lastly, results related to how the listings’ accommodation, host, and advertising characteristics impact Airbnb prices concur with previous studies.
Determinants of Bottled Water Prices in Saudi Arabia: An Application of the Hedonic Price Model
This study investigates the determinants of bottled water prices in Saudi Arabia using a hedonic price model, analyzing data collected from nine retail stores in Al-Ahsa Governorate. The analysis of 499 observations reveals that physical attributes, such as bottle size, packaging material (glass and aluminum), non-standard caps, and packaging type (multipack and box), significantly influence the price. Specifically, larger bottles, multipacks, and boxes are associated with lower per-liter prices, while glass and aluminum packaging and non-standard caps command higher prices. Chemical characteristics of bottled water, including total dissolved solids (TDS), sodium, and pH, have a minimal impact, and in some cases, they exhibit a negative influence on prices. Crucially, market dynamics, including the source of origin (imported vs. domestic) and the type of retail store, impact prices significantly. Imported bottled water is priced higher than domestically produced varieties, while products sold in hypermarkets are cheaper than those in other retail stores. Moreover, when analyzing domestic and imported bottled water separately, physical characteristics lose their statistical significance for imported products, and chemical characteristics become irrelevant for domestically produced bottled water. The study highlights the complex interplay of product characteristics and market factors shaping bottled water prices, providing insights for both the bottled water industry and policymakers.
Factors Affecting Crop Prices in the Context of Climate Change—A Review
Food security has become a concerning issue because of global climate change and increasing populations. Agricultural production is considered one of the key factors that affects food security. The changing climate has negatively affected agricultural production, which accelerates food shortages. The supply of agricultural commodities can be heavily influenced by climate change, which leads to climate-induced agricultural productivity shocks impacting crop prices. This paper systematically reviews publications over the past ten years on the factors affecting the prices of a wide range of crops across the globe. This review presents a critical view of these factors in the context of climate change. This paper applies a systematic approach by determining the appropriate works to review with defined inclusion criteria. From this, groups of key factors affecting crop prices are found. This study finds evidence that crop prices have been both positively and negatively affected by a range of factors such as elements of climate change, biofuel, and economic factors. However, the general trend is towards increasing crop prices due to deceasing yields over time. This is the first systematic literature review which provides a comprehensive view of the factors affecting the prices of crops across the world under climate change.
The Impact of Exogenous Variables on Soybean Freight: A Machine Learning Analysis
Predicting road freight prices is a challenging task influenced by multiple factors. Understanding which variables have the greatest impact is essential for building more accurate models, and consequently for enhancing the competitiveness of Brazilian soybeans in the global market. This study aims to evaluate the influence of different exogenous variables on soybean freight prices and to analyze how this influence varies across different distance ranges. To achieve this, a combination of machine learning techniques was applied to a comprehensive dataset containing information on freight costs, regional characteristics, production, fuel prices, storage, and commercialization. The results indicate that distance is the most significant variable in determining freight costs, directly reflecting operational expenses such as fuel consumption and labor costs. Additionally, macroeconomic factors such as the exchange rate and export volume play a crucial role, highlighting the global context of Brazil’s soybean exports. Stratified analysis by distance ranges reveals distinct patterns; short-distance freight is predominantly related to domestic markets, while medium- and long-distance freight are strongly linked to export logistics.
The impacts of location and attributes of protected natural areas on hotel prices: implications for sustainable tourism development
This study analyses the economic effects of the protected natural areas and discusses the implications for public and private sector organisations involved in nature-based tourism development. To do so, we apply the Hedonic pricing method to address the variations of hotel prices with regard to the impacts of location and other proposed site characteristics, i.e. attributes of National Park (NP) Plitvice Lakes. The research results reveal a linkage between unique environmental and site-specific attributes and hotel rates. Hotels located close to the territory of the NP charge premium prices, whereas increasing distance from the territory of NP reduces the positive impact. This distance decay effect builds on hotels’ expectations regarding the opportunities for taking advantage of the NP. We argue that protected areas (PAs) are constituents of the integrated tourism product, influencing the price of the complementing tourism services, visitors satisfaction, and destinations competitiveness. The study places value on non-traded resources, which is often a prerequisite for acknowledging their importance and for the inauguration of policies promoting sustainable use. Thus, the findings have potentially significant implications for the design of pricing systems for hotels and accommodation service providers, the development of governance and fiscal policies, and the creation of marketing strategies for tourism destinations.
Machine Learning Applications for Sustainable Housing Policy: Understanding Price Determinants to Inform Affordable Housing Strategies
Understanding how housing attributes are capitalized into prices is central to addressing urban affordability challenges. Using 2799 second-hand housing transactions from Wenzhou, China, this study examines residential price formation under pronounced spatial and structural heterogeneity. Multiple predictive models are evaluated within a unified 10-fold cross-validation framework. Results indicate that Random Forest delivers the strongest predictive performance, achieving a normalized mean squared error below 0.10 and explaining over 90% of out-of-sample price variation, substantially outperforming hedonic regression, regression trees, bagging, boosting, and support vector models. Permutation-based importance analysis identifies district location, building scale, and floor area as the dominant price determinants, while the influence of renovation quality, transportation access, and educational amenities varies across districts and dwelling types. These findings reveal strong nonlinearities and heterogeneous valuation mechanisms in rapidly urbanizing housing markets. Methodologically, the study demonstrates how interpretable machine learning complements traditional hedonic analysis, while providing policy-relevant insights into housing affordability dynamics in medium-sized Chinese cities.
Drivers of European housing prices in the new millennium: demand, financial, and supply determinants
Many countries in Europe have experienced a steady increase in housing prices over the past decade, which continued even during the recent crisis. We analyze a panel of 15 European countries over the period 2000–2020. We find that demand-side determinants, such as GDP, unemployment, wage and population, strongly influence housing prices. Nevertheless, we suggest that construction costs, access to finance (credit to GDP), and financing costs (long-term interest rate) should be included to avoid biased results. We find that financial development can significantly affect housing prices in the long run. We confirm the robustness of our results by conducting a lag sensitivity analysis of selected determinants. In addition, we find a negative effect of the GFC and a positive effect of the Covid crisis on housing prices. Furthermore, we find that countries with a mild reaction to or a quick recovery from the GFC experienced significantly higher housing price growth.
Study of Price Determinants of Sharing Economy-Based Accommodation Services: Evidence from Airbnb.com
This research aims to identify price determinants for sharing economy-based accommodation services and to further use the identified price determinants to predict accommodation prices. A dataset drawn from Airbnb.com, was collected for analysis. We identify price determinants from five categories. The top five price determinants are identified as room type, city, distance to tourist attractions, number of pictures posted, and number of amenities provided. More importantly, we find that interaction effects between variables can also significantly influence price. Finally, a series of price prediction models are built based on the identified price determinants.
Phenotypic Associations Between Linearly Scored Traits and Sport Horse Auction Sales Price in Ireland
This study examines the associations between linearly scored phenotypic traits and auction sales prices of young event horses in Ireland, aiming to identify key traits influencing market value. Data from 307 horses sold at public auctions (2022–2023) were analysed using regression analysis, binary optimisation, and Principal Component Analysis (PCA). Regression identified Head–neck Connection, Quality of Legs, Walk length of Stride, and Scope as highly significant predictors of sales price (p < 0.001), with Length of Croup, Trot Elasticity, Trot Balance, and Take-off Direction also significant (p < 0.05). Optimised regression reduced the number of relevant traits from 37 to 8, streamlining evaluation. PCA highlighted eight principal traits, including Scope, Elasticity, and Canter Impulsion, explaining 61.19% of variance in the first four components. These results demonstrate that specific conformation, movement, and athleticism traits significantly affect auction outcomes. The findings provide actionable insights for breeders and stakeholders, suggesting that targeted selection for high-impact traits could accelerate genetic progress and improve market returns. Furthermore, these traits could underpin the development of economic or buyer indices to enhance valuation accuracy and transparency, with potential application across equestrian disciplines to align breeding objectives with market demands.