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Can property values capture changes in environmental health risks? : evidence from a stated preference study in Italy and the UK
Guignet, Dennis; Alberini, Anna - 2013
Hedonic property value models are often used to place a value on localized amenities and disamenities. In practice …
Persistent link: https://www.econbiz.de/10010189442
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Estimating households' willingness to pay
Griffith, Rachel; Nesheim, Lars - 2010
The recent literature has brought together the characteristics model of utility and classic revealed preference arguments to learn about consumers' willingness to pay. We incorporate market pricing equilibrium conditions into this setting. This allows us to use observed purchase prices and...
Persistent link: https://www.econbiz.de/10008659883
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A Comprehensive Spatiotemporal Framework for Hedonic Pricing : Integrating the Comparable Sales Approach and Reducing Omitted Variable Bias
Thanos, Sotirios - 2020
This paper develops a theoretical and methodological framework that integrates Hedonic Pricing (HP), grid comparable …
Persistent link: https://www.econbiz.de/10012849122
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Do Seller Disclosures Affect Property Values? Buyer Information and the Hedonic Model
Pope, Jaren C. - 2008
The hedonic method is widely used to infer the value of environmental amenities that are bundled with real property …. The interpretation of hedonic prices as marginal values requires that households are "fully informed." Yet, there is … information between buyers and sellers can affect hedonic prices. This intuition is confirmed by a quasi-random experiment that …
Persistent link: https://www.econbiz.de/10014214284
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Chapter 25. Neighborhood Effects And Housing
Ioannides, Yannis M. - In: Handbook of social economics : volume 1, (pp. 1281-1340). 2011
This chapter focuses on neighborhood effects in housing markets. Households in effect choose neighborhood effects, or more generally social interactions, via their location decisions, which renders them endogenous. Across several classes of models that it examines, it emphasizes how we may...
Persistent link: https://www.econbiz.de/10014025502
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Maximum Likelihood Estimation and Lagrange Multiplier Tests for Panel Seemingly Unrelated Regressions with Spatial Lag and Spatial Errors : An Application to Hedonic Housing Prices...
Baltagi, Badi H. - 2010
estimators and tests are examined using Monte Carlo experiments. An empirical application to hedonic housing prices in Paris …
Persistent link: https://www.econbiz.de/10013137243
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Specification and Estimation of a Spatial Hedonic Prices Model to Evaluate the Impact of Transmilenio on the Value of the Property in Bogota
Perdomo Calvo, Jorge Andres - 2010
This paper considers the identification and estimation of a spatial hedonic price model including the variable distance …
Persistent link: https://www.econbiz.de/10013147572
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Maximum likelihood estimation and lagrange multiplier tests for panel seemingly unrelated regressions with spatial lag and spatial errors : an application to hedonic housing prices...
Baltagi, Badi H.; Bresson, Georges - 2010
estimators and tests are examined using Monte Carlo experiments. An empirical application to hedonic housing prices in Paris … estimates of the shadow prices for housing characteristics. -- hedonic housing prices ; Lagrange multiplier tests ; maximum …
Persistent link: https://www.econbiz.de/10009013035
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The Value of a Healthy Home : Lead Paint Remediation and Housing Values
Billings, Stephen B. - 2017
The presence of lead paint significantly impairs cognitive and behavioral development, yet little is known about the value to households of avoiding this residence-specific environmental health risk. In this paper, we estimate the benefits of lead-paint remediation on housing prices. Using data...
Persistent link: https://www.econbiz.de/10012952586
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The Impact of Hazardous Industrial Facilities on Housing Prices : A Comparison of Parametric and Semiparametric Hedonic Price Models
Grislain-Letrémy, Céline - 2014
more flexible, semiparametric models of hedonic property. We show that the parametric model might structurally lead to …
Persistent link: https://www.econbiz.de/10013052157