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1·Hedonic price theory has some advantages, and is a practical method to research urban housing price.

特征价格理论在研究城市商品住宅价格上具有一定的优势，它是目前我国研究城市商品住宅价格的实用方法。

2·It is important to use hedonic price theory to research urban housing price practically in our country.

因此，应用特征价格理论来研究我国城市商品住宅价格具有重要的理论意义和实际应用价值。

3·According to the hedonic price theory of western country, I make use of the hedonic price model to analyze characteristics of the various features of variable effects on prices.

本文借鉴西方的特征价格理论，建立特征价格模型来分析各个特征变量对价格的影响。

4·The theory of hedonic price thinks there is substitution relation between wage and safety.

享乐价格理论认为工资与安全水平之间存在替代关系。