Hedonic Pricing Model

Author:

Published:

Updated:

« Back to Glossary Index

Definition of “Hedonic Pricing Model” :

The “Hedonic Pricing Model” is an economic theory used to estimate the value of an item or service by breaking it down into its constituent components. In South Africa, it’s often used in property valuation, where factors like location, size, and features of a property are analyzed to determine its market price.

« Back to Glossary Index

Latest guides