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A hedonic approach to burial plot value in French cemeteries

Author

Listed:
  • Benoit Faye

    (INSEEC Business School, France; LAREFI, University of Bordeaux, France)

  • Frédérique Channac

    (BBA INSEEC, France)

Abstract

Cemeteries are typical urban fixtures occupying a vast portion – at least 0.5% – of municipal territories. However, urban economists have generally neglected this topic to date. Our paper establishes the main determinants of pricing for burial plots, excluding columbaria. We analyse the prices proposed by 185 cemeteries from 42 large French cities with more than 100,000 inhabitants. We use a specified Ln-Ln hedonistic model. Our results highlight the complexity of cities’ pricing, as these strategies imply the combination of several determinants, such as the main features of the burial concessions (term, surface area, location within the boundaries of the cemetery, etc.), the environment defined within and outside the cemetery (type of cemetery, cemetery’s surface area, existence of verdant areas, etc.) and various other urban features (population structure, real estate prices, purchasing power).

Suggested Citation

  • Benoit Faye & Frédérique Channac, 2017. "A hedonic approach to burial plot value in French cemeteries," Urban Studies, Urban Studies Journal Limited, vol. 54(12), pages 2835-2855, September.
    • Handle: RePEc:sae:urbstu:v:54:y:2017:i:12:p:2835-2855
    DOI: 10.1177/0042098016655036
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    References listed on IDEAS

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    1. Epple, Dennis, 1987. "Hedonic Prices and Implicit Markets: Estimating Demand and Supply Functions for Differentiated Products," Journal of Political Economy, University of Chicago Press, vol. 95(1), pages 59-80, February.
    2. Baumol, William J & Bradford, David F, 1970. "Optimal Departures from Marginal Cost Pricing," American Economic Review, American Economic Association, vol. 60(3), pages 265-283, June.
    3. 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..
    4. Paolo Canofari & Giancarlo Marini & Pasquale Scaramozzino, 2013. "To Sleep, Perchance to Dream: Prices for Funeral Homes in US States," CEIS Research Paper 260, Tor Vergata University, CEIS, revised 11 Jan 2013.
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