Showing 1 - 10 of 11
This paper (a) surveys leading works on hedonic pricing modelling of the impact of four main categories of environmental attributes (pollution and amenities) and the impact of zoning regulations on urban property values in western jurisdictions and in Hong Kong, as an example of a high-density...
Persistent link: https://www.econbiz.de/10012985610
Spatial dependence is often seen as a problem in econometrics rather than economics. This study seeks to find an economic explanation for spatially correlated real estate prices. We posit spatial dependence as a process to discover price information from nearby property transactions. Weaker...
Persistent link: https://www.econbiz.de/10013094095
This is an empirical study on the vertical dimension of multi-story buildings – floor level and building height. The idea of price gradients in a monocentric city was borrowed to investigate floor-level premiums, which are the price paid for the vertical location (i.e., a higher floor level)...
Persistent link: https://www.econbiz.de/10013156642
Age, time and vintage effects are exact collinear, so their effects cannot be disentangled in regression analyses. Suggestions have been put forward to deal with this problem, but in vain. Since the problem of exact collinearity requires external information to solve, any manipulation of the...
Persistent link: https://www.econbiz.de/10014214768
New Zealand is a multi-ethnic society that embraces multiculturism. Many studies have examined how the size of the minority population affects residential property values. However, very few studies have recognised that the qualities of neighbourhoods may cause such price differentials. We use...
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Occupancy discount is a long-accepted doctrine in literature. Search theory supports such a proposition, but empirical evidence is mixed. This study revisits this dilemma and puts forward an alternative argument that a landlord may exploit sitting tenants who have made non-redeployable...
Persistent link: https://www.econbiz.de/10013243143
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