Are travelers willing to pay a premium to stay at a "green" hotel? Evidence from an internal meta-analysis of hedonic price premia

Agricultural and Resource Economics Review

Volumn 39, Issue 3, 2010, Pages 468-484

  Kuminoff, Nicolai V ^a   Zhang, Congwen ^b   Rudi, Jeta ^c  

^a ARIZONA STATE UNIVERSITY   (United States)

^b VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY   (United States)

^c BEREA COLLEGE   (United States)

Author keywords

Green lodging; Hedonic; Hotel; Internal meta analysis

Indexed keywords

EID: 84862179640     PISSN: 10682805     EISSN: None     Source Type: Journal    
DOI: 10.1017/S1068280500007450     Document Type: Article

References (35)

1. Banzhaf, S.H., and V.K. Smith. 2007. "Meta Analysis in Model Implementation: Choice Sets and the Valuation of Air Quality Improvements." Journal of Applied Econometrics 22(6): 1013-1031.
2. Butler, J. 2008. "The Compelling 'Hard Case' for 'Green' Hotel Development." Cornell Hospitality Quarterly 49(3): 234-244.
3. Choi, H., and H.R. Varian. 2009. "Predicting the Present with Google Trends." Google research paper. Available at http://google.com/ googleblogs/pdfs/google-predicting-the-present.pdf (accessed December 15, 2009).
4. Cropper, M.L., L.B. Deck, and K.E. McConnell. 1988. "On the Choice of Functional Form for Hedonic Price Functions." Review of Economics and Statistics 70(4): 668-675.
5. Dalton, G.J., D.A. Lockington, and T.E. Baldock. 2008. "A Survey of Tourist Attitudes to Renewable Energy Supply in Australian Hotel Accommodation." Renewable Energy 33(10): 2174-2185.
6. Dechert LLP. 2008. "2008 Dechert LLP Annual Report on Trends in Trademarks." Dechert LLP, New York, NY.
7. Ekeland, I., J.J. Heckman, and L. Nesheim. 2004. "Identification and Estimation of Hedonic Models." Journal of Political Economy 112(1): S60-S109. (Pubitemid 38485524)
8. Fesenmaier, D.R., and D.W. Sheatsley. 2008. "Travelers' Use of the Internet." Travel Industry Association, Washington, D.C.
9. Geoghegan, J., L. Lynch, and S. Bucholtz. 2003. "Capitalization of Open Spaces into Housing Values and the Residential Property Tax Revenue Impacts of Agricultural Easement Programs." Agricultural and Resource Economics Review 32(1): 33-45. (Pubitemid 36631434)
10. Gibbs, J.P., J.M. Halstead, K.J. Boyle, and J. Huang. 2002. "An Hedonic Analysis of the Effects of Lake Water Clarity on New Hampshire Lakefront Properties." Agricultural and Resource Economics Review 31(1): 39-46.
11. Greene, W.H. 2000. Econometric Analysis (4th edition). Upper Saddle River, NJ: Prentice Hall.
12. Greenstone, M., and T. Gayer. 2009. "Quasi-Experimental and Experimental Approaches to Environmental Economics." Journal of Environmental Economics and Management 57(1): 21-44.
13. Halvorsen, R., and R.B. Palmquist. 1980. "The Interpretation of Dummy Variables in Semilogarithmic Equations." American Economic Review 70(3): 474-475.
14. Holmes, T.P., E.A. Murphy, and K.P. Bell. 2006. "Exotic Forest Insects and Residential Property Values." Agricultural and Resource Economics Review 35(1): 155-166. (Pubitemid 43844469)
15. Johnston, R.J., C.R. Wessells, H. Donath, and F. Asche. 2001. "Measuring Consumer Preferences for Ecolabeled Seafood: An International Comparison." Journal of Agricultural and Resource Economics 26(1): 20-39.
16. Kahn, M.E. 2007. "Do Greens Drive Hummers or Hybrids? Environmental Ideology as a Determinant of Consumer Choice." Journal of Environmental Economics and Management 54(2): 129-145. (Pubitemid 47299246)
17. Kiel, K., and M. Williams. 2007. "The Impact of Superfund Sites on Local Property Values: Are All Sites the Same?" Journal of Urban Economics 61(1): 170-192. (Pubitemid 44801245)
18. Kiel, K., and J. Zabel. 1999. "The Accuracy of Owner-Provided House Values: The 1978-1991 American Housing Survey." Real Estate Economics 27(2): 263-296.
19. Kotchen, M.J., and M.R. Moore. 2007. "Private Provision of Environmental Public Goods: Household Participation in Green-Electricity Programs." Journal of Environmental Economics and Management 53(1): 1-16. (Pubitemid 46038519)
20. Kuminoff, N.V. 2009. "Decomposing the Structural Identification of Nonmarket Values." Journal of Environmental Economics and Management 57(2): 123-139.
21. Leamer, E.E. 1983. "Let's Take the Con Out of Econometrics." American Economic Review 73(1): 31-43.
22. Loureiro, M.L., and J. Lotade. 2005. "Do Fair Trade and Eco- Labels in Coffee Wake Up the Consumer Conscience?" Ecological Economics 53(1): 129-138. (Pubitemid 40771992)
23. Lovitt, R. 2009. "Eclectic Accommodations for Eco-Travelers." MSNBC (April 14). Available at http://www.msnbc.msn.com/id/30195754/ (accessed January 30, 2010).
24. Messer, K.D., W.D. Schultz, K.F. Hackett, T.A. Cameron, and G.H. McClelland. 2006. "Can Stigma Explain Large Property Value Losses? The Psychology and Economics of Superfund." Environmental and Resource Economics 33(3): 299-324.
25. Mollard, A., T. Rambonilaza, and D. Vollet. 2007. "Environmental Amenities and Territorial Anchorage in the Recreational- Housing Rental Market: A Hedonic Approach with French Data." Land Use Policy 24(2): 484-493. (Pubitemid 46291531)
26. Nelson, J.P., and P.E. Kennedy. 2009. "The Use (and Abuse) of Meta-Analysis in Environmental and Natural Resource Economics: An Assessment." Environmental and Resource Economics 42(3): 345-377.
27. Nimon, W., and J. Beghin. 1999. "Are Eco-Labels Valuable? Evidence from the Apparel Industry." American Journal of Agricultural Economics 81(4): 801-811.
28. Palmquist, R.B. 2005. "Property Value Models." In K.-G. Mäler and J. Vincent, eds., Handbook of Environmental Economics (Vol. 2). Amsterdam: North Holland Press.
29. Patkose, M., T.T. Burnett, and S.D. Cook. 2007. "Domestic Travel Market Report." Travel Industry Association, Washington, D.C.
30. Pope, J.C. 2008. "Buyer Information and the Hedonic: The Impact of a Seller Disclosure on the Implicit Price for Airport Noise." Journal of Urban Economics 63(2): 498-516.
31. Rosen, S. 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition." Journal of Political Economy 82(1): 34-55.
32. Smith, V.K., and Y. Kaoru. 1990. "Signals or Noise? Explaining the Variation in Recreation Benefit Estimates." American Journal of Agricultural Economics 72(2): 419-433.
33. Spilanis, I., and H. Vayanni. 2004. "Sustainable Tourism: Utopia or Necessity? The Role of New Forms of Tourism in the Aegean Islands." In B. Bramwell, ed., Coastal Mass Tourism: Diversification and Sustainable Development in Southern Europe. Clevedon, UK: Channel View Publications.
34. Taylor, L.O., and V.K. Smith. 2000. "Environmental Amenities as a Source of Market Power." Land Economics 76(4): 550-568. (Pubitemid 32169465)
35. Walsh, R.G., D.M. Johnson, and J.R. McKean. 1989. "Issues in Nonmarket Valuation and Policy Application: A Retrospective Glance." Western Journal of Agricultural Economics 14(1): 178-188.