Pregled bibliografske jedinice broj: 718351
Sailboat Rental: Determining the Price Based on Its Attributes
Sailboat Rental: Determining the Price Based on Its Attributes // Global Business Conference 2012 proceedings: To standardize or not to standardize?
Zadar, Hrvatska, 2012. str. 361-373 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
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Naslov
Sailboat Rental: Determining the Price Based on Its Attributes
Autori
Najdanović, Zoran ; Šipić, Neven
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
Global Business Conference 2012 proceedings: To standardize or not to standardize?
/ - , 2012, 361-373
Skup
2012 Global Business Conference
Mjesto i datum
Zadar, Hrvatska, 19.09.2012. - 22.09.2012
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
Pricing; hedonic functions; sailboats; ordinary least squares model; Croatia
Sažetak
This article examines the effect on price of different characteristics of sailing boats in the nautical segment of travel and tourism industry. The effect on price is estimated under the hedonic function by means of ordinary least squares model (OLS), as the data used in the study are cross-sectional. Some 10 791 prices were gathered from approximately 400 sailboats from adriatica.net, a largest website for renting travel/tourism products in Croatia. The study reveals huge price differences between sailboats of different size, coupled with practically no differents between boats of the same size but different brand. Other attributes with a significant effect on price are season, number of rental days, ship length, number of cabins, year of production, skipper, and number of persons. The resulting equation can assist charter companies in shaping inflation-proof pricing and investment strategies.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
