Spatial price analysis of used construction equipment: the case of excavators
Srinivasa S. Ponnaluru,
Thomas Marsh and
Construction Management and Economics, 2012, vol. 30, issue 11, 981-994
Equipment represents one of the largest input expenditures for the construction sector and other firms. Yet, prices of used construction equipment have not been widely studied in the economic literature. A spatial hedonic price function is specified and estimated for used excavators sold by auction in North America from 1996 to 2006. The results indicate that prices of used excavators differ significantly for various reasons. Controlling for characteristics of the machinery, we find evidence of regional price variation and ‘within sale’ spatial effects. Prices also vary between auction houses themselves.
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:taf:conmgt:v:30:y:2012:i:11:p:981-994
Ordering information: This journal article can be ordered from
Access Statistics for this article
Construction Management and Economics is currently edited by Will Hughes
More articles in Construction Management and Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().