We construct the location quotient (LQ) from a discrete data generating process and formally test its statistical properties. First, we show that the LQ is typically unbiased, but exhibits finite sample bias when assuming a Poisson distribution. Second, we determine the accuracy of statistical...

The research presented here argues that identifying the impacts of rail transit on property values is not possible without estimates of both price gradients to transit stations as well as overall property value trends in transit neighborhoods. The latter may highlight a number of secondary...