This paper presents a hedonic housing price model for the city of Glasgow in Scotland. The major innovation of the research is the use of hierarchical clustering techniques to identify property submarkets defined by a combination of property types, locations and socioeconomic characteristics of...

Previous work on hedonic price functions tends to have focused on one of a number of specification and estimation issues; namely, market segmentation, choice of functional form, multicollinearity or spatial autocorrelation. The purpose of this paper is to bring together these various strands to...

For many industrialised nations environmental noise is emerging as a local pollutant of major concern. Incorporating such concerns into policy guidance tools such as social cost benefit analysis requires estimates of the monetised benefits of noise reduction. Using a two-stage hedonic pricing...