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The environmental setting, farming activities and rural accommodation prices

Author

Listed:
  • Bilbao-Terol , Celia

    (University of Oviedo)

  • Valdés , Luis

    (University of Oviedo)

Abstract
The objective of this study is to analyze how the characteristics of the environment associated with agricultural activities influence the prices of rural tourism accommodation. To this end the model of hedonic prices is applied, which allows to break down the price of a good or service depending on the characteristics that it entails, including those of its environment. The study is carried out in the autonomous community of Asturias. The results indicate that the market values positively accommodation establishments located in municipalities with a high percentage of forests and pastureland, and negatively those located in municipalities with a high percentage of cultivated land. The study serves as a starting point for cost-benefit analysis of the policies aimed to promote activities that will improve the rural environment.

Suggested Citation

  • Bilbao-Terol , Celia & Valdés , Luis, 2015. "The environmental setting, farming activities and rural accommodation prices," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 33, pages 33-51.
    • Handle: RePEc:ris:invreg:0300
    as

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    References listed on IDEAS

    as
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    4. Andersson, Hans & Hoffmann, Ruben, 2008. "Spatial Competition and Farm Tourism - A Hedonic Pricing Model," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6156, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Isabel Vanslembrouck & Guido Van Huylenbroeck & J. Van Meensel, 2005. "Impact of Agriculture on Rural Tourism: A Hedonic Pricing Approach," Journal of Agricultural Economics, Wiley Blackwell, vol. 56(1), pages 17-30, March.
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    9. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
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    12. Manuel Landajo & Celia Bilbao & Amelia Bilbao, 2012. "Nonparametric neural network modeling of hedonic prices in the housing market," Empirical Economics, Springer, vol. 42(3), pages 987-1009, June.
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    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Celia Bilbao-Terol & Verónica Cañal-Fernández & Luis Valdés & Eduardo Del Valle, 2017. "Rural Tourism Accommodation Prices by Land Use-Based Hedonic Approach: First Results from the Case Study of the Self-Catering Cottages in Asturias," Sustainability, MDPI, vol. 9(10), pages 1-17, September.

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    More about this item

    Keywords

    rural tourism; environmental characteristics; agricultural activities; hedonic prices; environmental assessment;
    All these keywords.

    JEL classification:

    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
    • Q29 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Other

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