Showing 1 - 10 of 25
In extant financial market models, including the Black-Scholes’ contruct, the dramatic events of October 1987 and August 2007 are totally unexpected, because these models are based on the assumptions of ‘independent price fluctuations’ and the existence of some ‘fixed-point...
Persistent link: https://www.econbiz.de/10015221512
Purpose – This paper bridges the gap between, on the one hand, supply-driven (urban form and transportation networks) and demand-driven (action-based) accessibility to urban amenities and, on the other hand, house price dynamics as captured through panel hedonic modelling. It aims at assessing...
Persistent link: https://www.econbiz.de/10011325508
Automated valuation models have been in use at least for the last fifty years in both academia and practice, while a proper definition was coined only in the last decade. This could be mostly backed by the fact that research done on the automated valuation models is mostly empirical and...
Persistent link: https://www.econbiz.de/10012918484
This study is an attempt to model the economic trade-off between spatial and non-spatial determinants of shopping center rents while assessing the role of neighborhood and location attributes in the rent setting process. For that purpose, two space-related indices, namely the Economic Potential...
Persistent link: https://www.econbiz.de/10014053694
The aim of this paper is to assess differences on homeworking and teleworking behaviour among genders considering age groups, professional statuses, household structures and car access. The analysis is based on a sample of more than 30,000 workers responding to the 2001 origin-destination (O-D)...
Persistent link: https://www.econbiz.de/10011324476
Purpose – Spatial autocorrelation in regression residuals is a major issue for the modeller because it disturbs parameter estimates and invalidates the reliability of conclusions drawn from models. The purpose of this paper is to develop an approach which generates new spatial predictors that...
Persistent link: https://www.econbiz.de/10014777759
This paper investigates the analytical potential of factor analysis for sorting out neighbourhood and access factors in hedonic modelling using a simulation procedure that combines GIS technology and spatial statistics. An application to the housing market of the Quebec Urban Community (575,000...
Persistent link: https://www.econbiz.de/10014897972
Purpose – This paper is an attempt to bridge the gap between, on the one hand, the mobility behaviour of households and their perception of accessibility to urban amenities and, on the other hand, house price dynamics as captured through hedonic modelling. Design/methodology/approach – In...
Persistent link: https://www.econbiz.de/10014898088
Purpose – Both hedonics and the traditional sales comparison approach are derived from a similar paradigm with respect to how prices, hence market values, are determined. While the hedonic approach can provide reliable estimates of individual attributes' marginal contribution, it may –...
Persistent link: https://www.econbiz.de/10014898310
This research paper investigates the effect of drinking water quality on property values in Charlesbourg, a major municipality (70,000 inhabitants) of the Quebec City region where repeated water‐related health problems were experienced in 1990 and 1991. In this paper, 807 bungalow sales are...
Persistent link: https://www.econbiz.de/10014898397