Subdivision Specific Amenities and Residential Property Values

A hedonic property value model, derived from a dynamic game theoretic framework, is estimated using data obtained for 211 subdivisions including 4628 building lots in five Maryland counties. Linear Box-Cox estimation results show that variables measuring subdivision specific amenities significantly affect residential property values, and omission of such variables produces biased coefficient estimates.

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Year of publication:	2006
Authors:	Rahman, Shaikh Mahfuzur ; Hardie, Ian W.
Institutions:	Department of Agricultural and Resource Economics, University of Maryland
Subject:	Land Economics/Use \| Public Economics

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Department of Agricultural and Resource Economics>Working Papers Number 28596
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005797941