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Author : Paulo Brígido Rocha Macedo
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.A/5 ( download)
Download or read book Hedonic Price Models with Spatial Effects written by Paulo Brígido Rocha Macedo and published by . This book was released on 1996 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Terence C. Mills
Publisher : Palgrave Handbook of Econometr
ISBN 13 :
Total Pages : 1432 pages
Book Rating : 4.0/5 ( download)
Download or read book Palgrave Handbook of Econometrics written by Terence C. Mills and published by Palgrave Handbook of Econometr. This book was released on 2009-06-25 with total page 1432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Palgrave Handbooks of Econometrics comprises 'landmark' essays by the world's leading scholars and provides authoritative guidance in key areas of econometrics. With definitive contributions on the subject, the Handbook is an essential source for reference for professional econometricians, economists, researchers and students. Following the successful Palgrave Handbook of Econometrics: Volume 1, this second volume brings together leading academics working in econometrics today and explores applied econometrics. Volume 2 contains contributions on subjects including growth/development econometrics, computing, microeconomics, macroeconomics, finance, spatial and urban economics and international economics.
Author : Sotirios Thanos
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (13 download)
Download or read book Theoretically Consistent Temporal Ordering Specification in Spatial Hedonic Pricing Models Applied to the Valuation of Aircraft Noise written by Sotirios Thanos and published by . This book was released on 2018 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 or contiguity in spatial weight matrices. Disaggregate house sale datasets are composed from observations each at a specific location and time. Nevertheless, the symmetric spatial weight matrices commonly employed in HP studies ignore the temporal dimension in disaggregate house sale data. Thus not only are previous house sales taken to affect subsequent house prices, but so do future house sales. However, information does not travel backwards in time; hence there is a clear theoretical impossibility of actual future prices affecting current/past prices. Estimates derived from HP models where spatial dependence is incorrectly specified or ignored will exhibit inaccuracies. This paper proposes an alternative specification of spatial weights in HP that includes spatial effects on each sale price only from preceding house sales. The temporal aspect of spatial effects is then developed further by specifying a time decay rate to capture the diminishing effect over time of preceding sale prices to succeeding house prices. This novel specification of spatial weight matrices is shown to have a significant effect on estimates of house price depreciation from aircraft noise. Monetary values of aircraft noise externality are successfully derived from the HP models for Athens Airport.
Author : Andrea Baranzini
Publisher : Springer Science & Business Media
ISBN 13 : 0387768157
Total Pages : 283 pages
Book Rating : 4.3/5 (877 download)
Download or read book Hedonic Methods in Housing Markets written by Andrea Baranzini and published by Springer Science & Business Media. This book was released on 2008-09-20 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cities are growing worldwide and their sprawl is increasingly challenged for its pressure on open spaces and environmental quality. Economic arguments can help to decide about the trade-off between preserving environmental quality and developing housing and business surfaces, provided the benefits of environmental quality are adequately quantified. To this end, this book focuses on the use and advancement of the “hedonic approach”, an economic valuation technique that analyses and quantifies the sources of rent and property price differentials. Starting from theoretical foundations, the hedonic approach is applied to the valuation of natural land use preservation and noise abatement measures, as well as to residential segregation and discrimination, extending the analysis to the role of the buyers and sellers' identity on housing market prices and to the issue of environmental justice.
Author : Fernando A. López
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (115 download)
Download or read book The MARS Algorithm in the Spatial Framework : Non-linearities and Spatial Effects in Hedonic Models written by Fernando A. López and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Luc Anselin
Publisher : Springer Science & Business Media
ISBN 13 : 3662056178
Total Pages : 516 pages
Book Rating : 4.6/5 (62 download)
Download or read book Advances in Spatial Econometrics written by Luc Anselin and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: World-renowned experts in spatial statistics and spatial econometrics present the latest advances in specification and estimation of spatial econometric models. This includes information on the development of tools and software, and various applications. The text introduces new tests and estimators for spatial regression models, including discrete choice and simultaneous equation models. The performance of techniques is demonstrated through simulation results and a wide array of applications related to economic growth, international trade, knowledge externalities, population-employment dynamics, urban crime, land use, and environmental issues. An exciting new text for academics with a theoretical interest in spatial statistics and econometrics, and for practitioners looking for modern and up-to-date techniques.
Author : Indur M. Goklany
Publisher : Cato Institute
ISBN 13 : 9781882577835
Total Pages : 214 pages
Book Rating : 4.5/5 (778 download)
Download or read book Clearing the Air written by Indur M. Goklany and published by Cato Institute. This book was released on 1999 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: America's air quality is better today than ever before in modern history and continues to steadily improve. How did this remarkable turnaround come about? Basing his conclusions on a painstaking compilation of long-term empirical data on air quality and emissions data extending from the pre- federalization era to the present (some dating back a century), Goklany challenges the orthodoxy that credits federal regulation for improving air quality. He shows that the air had been getting cleaner prior to—and probably would have continued to improve regardless of—federalization. States and localities, after all, have always been engaged in a race to improve the quality of life, which means different things at different stages of economic development. Goklany’s empirical data refute once and for all the race-to-the-bottom rationale for centralized federal regulation. Moreover, technological advances and consumer preferences continue to play important roles in improving air quality. Goklany accordingly offers a regulatory reform agenda that would improve upon the economic efficiency and environmental sensitivity of air quality regulation.
Download or read book Spatial Hedonic Models of Airport Noise, Proximity, and Housing Prices written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "Despite the refrain that housing prices are determined by "location, location, and location," no prior studies of airport noise and housing prices have incorporated spatial econometric techniques. We compare various spatial econometric models and estimation methods in a hedonic price framework to examine the impact of noise on 2003 housing values in the neighborhoods near the Atlanta airport. Strong evidence is presented that spatial effects are important and that these effects are best captured by a model that includes both spatial autocorrelation and autoregressive parameters. Modeling the spatial effects should yield airport noise parameter estimates that are more efficient and that are not subject to specification bias. Another key result is that the inclusion of spatial effects magnifies the negative price impacts of airport noise"--Federal Reserve Bank of St. Louis web site.
Author : J. Paul Elhorst
Publisher : Springer Science & Business Media
ISBN 13 : 3642403409
Total Pages : 125 pages
Book Rating : 4.6/5 (424 download)
Download or read book Spatial Econometrics written by J. Paul Elhorst and published by Springer Science & Business Media. This book was released on 2013-09-30 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of three generations of spatial econometric models: models based on cross-sectional data, static models based on spatial panels and dynamic spatial panel data models. The book not only presents different model specifications and their corresponding estimators, but also critically discusses the purposes for which these models can be used and how their results should be interpreted.
Author : Terence C. Mills
Publisher : Springer
ISBN 13 : 0230244408
Total Pages : 1406 pages
Book Rating : 4.2/5 (32 download)
Download or read book Palgrave Handbook of Econometrics written by Terence C. Mills and published by Springer. This book was released on 2009-06-25 with total page 1406 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following theseminal Palgrave Handbook of Econometrics: Volume I , this second volume brings together the finestacademicsworking in econometrics today andexploresapplied econometrics, containing contributions onsubjects includinggrowth/development econometrics and applied econometrics and computing.
Author : Giuseppe Arbia
Publisher : Springer Science & Business Media
ISBN 13 : 3790820709
Total Pages : 283 pages
Book Rating : 4.7/5 (98 download)
Download or read book Spatial Econometrics written by Giuseppe Arbia and published by Springer Science & Business Media. This book was released on 2008-11-14 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spatial Econometrics is a rapidly evolving field born from the joint efforts of economists, statisticians, econometricians and regional scientists. The book provides the reader with a broad view of the topic by including both methodological and application papers. Indeed the application papers relate to a number of diverse scientific fields ranging from hedonic models of house pricing to demography, from health care to regional economics, from the analysis of R&D spillovers to the study of retail market spatial characteristics. Particular emphasis is given to regional economic applications of spatial econometrics methods with a number of contributions specifically focused on the spatial concentration of economic activities and agglomeration, regional paths of economic growth, regional convergence of income and productivity and the evolution of regional employment. Most of the papers appearing in this book were solicited from the International Workshop on Spatial Econometrics and Statistics held in Rome (Italy) in 2006.
Author : James LeSage
Publisher : CRC Press
ISBN 13 : 1420064258
Total Pages : 362 pages
Book Rating : 4.4/5 (2 download)
Download or read book Introduction to Spatial Econometrics written by James LeSage and published by CRC Press. This book was released on 2009-01-20 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although interest in spatial regression models has surged in recent years, a comprehensive, up-to-date text on these approaches does not exist. Filling this void, Introduction to Spatial Econometrics presents a variety of regression methods used to analyze spatial data samples that violate the traditional assumption of independence between observat
Author : Luc Anselin
Publisher : Springer Science & Business Media
ISBN 13 : 3642798772
Total Pages : 432 pages
Book Rating : 4.6/5 (427 download)
Download or read book New Directions in Spatial Econometrics written by Luc Anselin and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: The promising new directions for research and applications described here include alternative model specifications, estimators and tests for regression models and new perspectives on dealing with spatial effects in models with limited dependent variables and space-time data.
Author : Luc Anselin
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4./5 ( download)
Download or read book valuing access to water- a spatial hedonic approach applied to indian cities written by Luc Anselin and published by World Bank Publications. This book was released on 2008 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: An important infrastructure policy issue for rapidly growing cities in developing countries is how to raise fiscal revenues to finance basic services in a fair and efficient manner. This paper applies hedonic analysis that explicitly accounts for spatial spillovers to derive the value of improved access to water in the Indian cities of Bhopal and Bangalore. The findings suggest that by looking at individual or private benefits only, the analysis may underestimate the overall social welfare from investing in service supply especially among the poorest residents. The paper further demonstrates how policy simulations based on these estimates help prioritize spatial targeting of interventions according to efficiency and equity criteria.
Author : Jean-Claude Thill
Publisher : Springer
ISBN 13 : 364237896X
Total Pages : 383 pages
Book Rating : 4.6/5 (423 download)
Download or read book Spatial Analysis and Location Modeling in Urban and Regional Systems written by Jean-Claude Thill and published by Springer. This book was released on 2017-11-30 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: This contributed volume collects cutting-edge research in Geographic Information Science & Technologies, Location Modeling, and Spatial Analysis of Urban and Regional Systems. The contributions emphasize methodological innovations or substantive breakthroughs on many facets of the socio-economic and environmental reality of urban and regional contexts.
Author : Marc Francke
Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.:/5 (13 download)
Download or read book Dealing with Unobserved Heterogeneity in Hedonic Price Models written by Marc Francke and published by . This book was released on 2018 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper deals with unobserved heterogeneity in hedonic price models, arising from missing property and locational characteristics. In specific, commercial real estate is very heterogeneous, and data on detailed property characteristics are often lacking. We show that adding mutually independent property random effects to a hedonic price model results in more precise out-of-sample price predictions, both for commercial multifamily housing in Los Angeles and owner-occupied single family housing in Heemstede, the Netherlands. The standard hedonic price model does not take advantage of the fact that some properties sell more than once. We subsequently show that adding spatial random effects leads to an additional increase in prediction accuracy. The increase is highest for properties without prior sales.
Author : David M. Brasington
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book A Mixed Index Approach to Identifying Hedonic Price Models written by David M. Brasington and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent literature suggests identifying house price hedonic models by using instrumental variables, spatial statistics, the borders approach, panel data, and other techniques. We introduce a mixed index model to identify house price hedonic regressions. We compare the performance of the mixed index model to a traditional hedonic model and to a hedonic model that includes characteristics of the buyer of each house. We find the mixed index model outperforms the other models based on bootstrap distributions of predicted housing values, prediction variance, and predicted policy effects. The mixed index model distributions are less skewed and kurtotic than the other models, suggesting that the mixed index model more closely satisfies the classical linear regression assumption of normally distributed errors. Compared to the mixed index model, the traditional hedonic overstates the importance of school quality to house price and understates the importance of environmental quality to house price.
