@article{Slaboch:309929,
      recid = {309929},
      author = {Slaboch, Josef and Čechura, Lukáš},
      title = {Land Pricing Model: Price Re-evaluation Due to the Erosion  and Climate Change Effects},
      journal = {AGRIS on-line Papers in Economics and Informatics},
      address = {2020-12-30},
      number = {665-2021-555},
      month = {Dec},
      year = {2020},
      abstract = {The aim of this study is to derive and apply the hedonic  approach for determining and updating official land prices  with respect to e.g. the impact of climate change that has  occurred in the conditions of the Czech Republic in recent  years. Pricing using the hedonic method is based on  capturing individual factors separately. The evaluated soil  ecological unit code consists of a 5-digit numerical code,  which expresses the affiliation to the climate region (0-9,  see table 1), the main soil unit (0-78), the slope of the  land and the orientation to the point of the compass (0-9)  and also the depth of the soil profile and skeletality  (0-9). The derived hedonic pricing model is estimated using  heteroscedasticity corrected estimator. The fitted model  shows considerably high explanatory power and together with  high parameter significance for majority of dummy variables  (soil characteristics) as well as with theoretical and  logical consistency represent a tool for new official land  price settings in the process of land reevaluation due to  the erosion and climate change effects.},
      url = {http://ageconsearch.umn.edu/record/309929},
      doi = {https://doi.org/10.22004/ag.econ.309929},
}