The word hedonic is defined as something which is of, relates to or is marked by pleasure. Hedonic is an adjective which related to the likes and dislikes of a person. It means something which is devoted to pleasure.
A hedonic pricing approach is something which derives its values by decomposing the market prices of the components. These encompass the environmental and other characteristics through the study of the values of property, the rates of wages and other factors. The premise of the approach of hedonic pricing approach is that the vale of an asset depends on the stream of benefits that can be derived out of it. It also includes those amenities that are provided by the environment.
A hedonic tone is defined as the extent to which an odour is perceived as either a pleasant aroma or an unpleasant stench. It is expressed in terms of one's personal preference, such as something which is disliked very much, something which is liked slightly or something which evokes even the facial expressions such as a smile or a frown.
A hedonic pricing approach is something which derives its values by decomposing the market prices of the components. These encompass the environmental and other characteristics through the study of the values of property, the rates of wages and other factors. The premise of the approach of hedonic pricing approach is that the vale of an asset depends on the stream of benefits that can be derived out of it. It also includes those amenities that are provided by the environment.
A hedonic tone is defined as the extent to which an odour is perceived as either a pleasant aroma or an unpleasant stench. It is expressed in terms of one's personal preference, such as something which is disliked very much, something which is liked slightly or something which evokes even the facial expressions such as a smile or a frown.