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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.
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
Extent:
application/pdf
Series:
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:
Persistent link: https://www.econbiz.de/10005797941
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