Hedonic Predicted House Price Indices Using Time-Varying Hedonic Models with Spatial Autocorrelation [PDF]
Hedonic housing price indices are computed from estimated hedonic pricing models. The commonly used time dummy hedonic model and the rolling window hedonic model fail to account for changing consumer preferences over hedonic characteristics and typically these models do not account for the presence of spatial correlation in prices reflecting the role ...
Rambaldi, Alicia N., Rao, D. S. Prasada
openaire +2 more sources
Bayesian Model Averaging in the Context of Spatial Hedonic Pricing: An Application to Farmland Values [PDF]
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
openaire +2 more sources
Theoretically consistent temporal ordering specification in spatial hedonic pricing models applied to the valuation of aircraft noise [PDF]
Incorporating spatial econometric tools in Hedonic Pricing (HP) models for environmental valuation has become the standard approach in the literature. The effect of house prices on other house prices is taken into account and usually measured by distance
Sotirios Thanos, Abigaïl L Bristow
exaly +2 more sources
An Application of Spatial Econometrics in Relation to Hedonic House Price Modeling [PDF]
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.
openaire +1 more source
Related searches:
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.
Anselin, Luc, Le Gallo, Julie
openaire +3 more sources
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.
José-María Montero +2 more
openaire +1 more source
A non–stationary non–Gaussian hedonic spatial model for house selling prices
Communications in Statistics - Simulation and Computation, 2019This work proposes a hedonic random field model to describe house selling prices from 2000 to 2005 in Cedar Falls, Iowa.
Victor De Oliveira, Mark D. Ecker
openaire +1 more source
This note draws upon the spatial-hedonic analysis of Cohen and Coughlin to clarify the role of spatial multipliers in regression specification and benefits measurement, and to demonstrate the appropriate calculation of these benefits from dummy-variable coefficients in semi-logarithmic spatial-lag models.
openaire +1 more source
Analysis of spatial variance clustering in the hedonic modeling of housing prices
Journal of Property Research, 2019This paper examines the spatial dependency exhibited by the error term variance of hedonic modeling based on German housing price data.
openaire +1 more source
Spatial Hedonic Modeling of Housing Prices Using Auxiliary Maps
2017The latest applications of hedonic dwelling price models have included recent advances in spatial analysis that control for spatial dependence and heterogeneity. The study of spatial aspects of hedonic modelling pertains to spatial econometrics, which is relevant to this study because it clearly accounts for the influence and peculiarities related by ...
Bajat, Branislav +3 more
openaire +2 more sources

