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M<sc>c</sc>A<sc>rthur</sc> D. P., O<sc>sland</sc> L. and T<sc>horsen</sc> I. Spatial transferability of hedonic house price functions, <italic>Regional Studies</italic>. The aim of this paper is to investigate whether it is possible to use parameter estimates from a hedonic function estimated in one region to make reliable predictions in another...
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We compare two estimates of benefits arising from the construction of new bridges in south-west Norway. One estimate comes from a hedonic property value model. Rather than follow an approach which is strictly theoretically correct, we adopt Rosen’s simple first-stage approach. To investigate...
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Purpose – Hedonic models are commonly used in housing markets studies to obtain quantitative measures of various implicit prices. The use of panel data in other fields of research has proved to be valuable when accounting for unobserved heterogeneity. Given that houses are extremely...
Persistent link: https://www.econbiz.de/10014777776
This paper addresses three questions. How unequal is access to urban employment and the wellbeing associated with it? What is the monetary value consumers place on access? How does the inequality of access correspond to the geographical pattern of unemployment? A novel approach is developed...
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Standard urban economic theory predicts that house prices will decline with distance from the central business district. Empirical results have been equivocal, however. Disjoints between theory and empirics may be due to a nonmonotonic relationship between house prices and access to employment...
Persistent link: https://www.econbiz.de/10010952058