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Spatial Competition and Farm Tourism - A Hedonic Pricing Model
2008Changes in EU agricultural policies towards additional focus on rural development issues raise questions regarding the economic impact of local/spatial competition. Traditionally, farmers have typically been price takers in markets for major agricultural products. This is, however, not necessarily true in the case of local markets for “new enterprises”.
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Area-to-point Kriging in spatial hedonic pricing models
Journal of Geographical Systems, 2009This paper proposes a geostatistical hedonic price model in which the effects of location on house values are explicitly modeled. The proposed geostatistical approach, namely area-to-point Kriging with External Drift (A2PKED), can take into account spatial dependence and spatial heteroskedasticity, if they exist.
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Interpolation of Air Quality Measures in Hedonic House Price Models: Spatial Aspects
Spatial Economic Analysis, 2006Abstract This paper investigates the sensitivity of hedonic models of house prices to the spatial interpolation of measures of air quality. We consider three aspects of this question: the interpolation technique used, the inclusion of air quality as a continuous vs discrete variable in the model, and the estimation method.
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Housing price prediction: parametric versus semi-parametric spatial hedonic models
Journal of Geographical Systems, 2017House price prediction is a hot topic in the economic literature. House price prediction has traditionally been approached using a-spatial linear (or intrinsically linear) hedonic models. It has been shown, however, that spatial effects are inherent in house pricing.
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A Spatial Bayesian Hedonic Pricing Model of Farmland Values
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An Application of Spatial Econometrics in Relation to Hedonic House Price Modeling [PDF]
Journal of Real Estate Research, 2010 This paper applies spatial econometrics in relation to hedonic house price modeling. Some basic spatial model alternatives are used for a battery of relevant tests.
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