Math Geek Mom: Class Reunion

By Rosemarie Emanuele. In Economics, the idea of “hedonic pricing” is sometimes used to study the determinants of prices, where the differences in qualities of products can be seen as leading to the differences in market prices. I thought of this recently as I watched a TV show following two families as they attempted to purchase homes in Charleston, South Carolina and in San Francisco, California. The family in Charleston bought a large, beautiful home for the same price the family in San Francisco spent on a two bedroom condominium, a condominium much smaller than my first home for which I paid a small fraction of their price. Read more...