A Spatial Hedonic Model with Time-Varying Parameters: A New Method Using Flexible Least Squares

The following paper outlines a new econometric model designed to capture both the temporal and spatial dynamics of housing prices. The paper combines existing spatial econometric techniques with a model that allows parameters to evolve over time. In addition, we provide an empirical application to the price effects of confined animal feeding operations to a data set of residential real estate in Tippecanoe County, Indiana from 1993 through 2006.

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Year of publication:	2008
Authors:	Kuethe, Todd H. ; Foster, Kenneth A. ; Florax, Raymond J.G.M.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Demand and Price Analysis \| Land Economics/Use \| Livestock Production/Industries \| Research Methods/ Statistical Methods

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Extent:	application/pdf
Series:	2008 Annual Meeting, July 27-29, 2008, Orlando, Florida.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida Number 6306
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005804642