Ski Lift Ticket Prices: A Hedonic Pricing Model

Item

Title

Ski Lift Ticket Prices: A Hedonic Pricing Model

Description

Ski resorts are an important part of many local economies, and every year they must determine what price they are going to charge for lift tickets. There is substantial price variation across ski resorts in the US, and previous studies have attributed much of this variation to differences in average annual snowfall. This study explores lift ticket pricing using an original sample of 286 ski resorts derived from On The Snow and Wanderbat. The data is used to estimate, via ordinary least squares, a hedonic pricing model exploring the impact of average annual snowfall, snowmaking capacity, total acreage, vertical drop, lift capacity, trails, longest run and location. Initial results suggest that snowmaking and lift capacity are central influences. This research suggests that ski resorts should target subsequent investments towards these areas most likely to yield a return.

Armagan Gezici

Contributor

Keene State College

Creator

Alison Argiro

Date

2017-10-11

Identifier

http://hdl.handle.net/20.500.12088/8075

Subject

Economics

Type

Presentation

Rights

http://rightsstatements.org/vocab/InC/1.0/

Item sets

AEC 2017 School of Sciences and Social Sciences

Site pages

School of Sciences and Social Sciences