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Errors in variables and spatial effects in hedonic house price models of ambient air quality
Empirical Economics, 2007In the valuation of the effect of improved air quality through the estimation of hedonic models of house prices, the potential “errors in variables” aspect of the interpolated air pollution measures is often ignored. In this paper, we assess the extent to which this may affect the resulting empirical estimates for marginal willingness to pay (MWTP ...
Luc Anselin, Nancy Lozano-Gracia
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2007
Since 1973, British Columbia created an Agricultural Land Reserve to protect farmland from development. In this study, we employ GIS-based hedonic pricing models of farmland values to examine factors that affect farmland prices. We take spatial lag and error dependence into explicit account. However, the use of spatial econometric techniques in hedonic
Cotteleer, Geerte +5 more
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Since 1973, British Columbia created an Agricultural Land Reserve to protect farmland from development. In this study, we employ GIS-based hedonic pricing models of farmland values to examine factors that affect farmland prices. We take spatial lag and error dependence into explicit account. However, the use of spatial econometric techniques in hedonic
Cotteleer, Geerte +5 more
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29th Annual European Real Estate Society Conference, 2023
Olusegun; Olanrele +2 more
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Olusegun; Olanrele +2 more
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Using spatial econometric specification in hedonic pricing model: Is there a problem?
Proceedings of the 19th Annual European Real Estate Society Conference - Edinburgh, Scotland, 2012openaire +1 more source
A random forests-based hedonic price model accounting for spatial autocorrelation
Journal of Geographical Systemsopenaire +1 more source