권오상 김한호 2018-11-15T09:36:28Z 2018-11-15T09:36:28Z 2010-12 RE33-5-02 http://repository.krei.re.kr/handle/2018.oak/19512 An inverse hedonic function, suggested by Nerlove (1995), is estimated with a Korean riding club data set. Implicit prices for riding club's characteristics are derived from the estimated inverse hedonic function. A usual hedonic function for which quantity is assumed to be determined exogenously is also estimated, but is rejected by the inverse hedonic function by a nonnested hypothesis testing. Price elasticity of horse-back riding is estimated to be -0.67. It is shown that the WTP for riding is affected by riding club's location, accommodation, number of horses, trail length, number of instructors, parking lots and opening year. An inverse hedonic function, suggested by Nerlove (1995), is estimated with a Korean riding club data set. Implicit prices for riding club's characteristics are derived from the estimated inverse hedonic function. A usual hedonic function for which quantity is assumed to be determined exogenously is also estimated, but is rejected by the inverse hedonic function by a nonnested hypothesis testing. Price elasticity of horse-back riding is estimated to be -0.67. It is shown that the WTP for riding is affected by riding club's location, accommodation, number of horses, trail length, number of instructors, parking lots and opening year. 1. 서 론 2. 분석모형 3. 분석자료 4. 분석결과 5. 요약 및 결론 한국농촌경제연구원 역특성가격함수를 이용한 승마장의 특성별 가치 추정 An Inverse Hedonic Price Analysis of Recreational Equine Market in Korea KREI 논문 34 17 Kwon, Ohsang Kim, Hanho page. 17 - 34 체험 승마 역특성가격함수 경제적 가치평가 recreational equine inverse hedonic price function valuation