Hedonic house price models typically impose a constant price structure on housing characteristics throughout an entire market area. However, there is increasing evidence that the marginal prices of many important attributes vary over space, especially within large markets. In this paper, we compare two approaches to examine spatial heterogeneity in housing attribute prices within the Tucson, Arizona housing market: the spatial expansion method and geographically weighted regression (GWR). Our results provide strong evidence that the marginal price of key housing characteristics varies over space. GWR outperforms the spatial expansion method in terms of explanatory power and predictive accuracy.
In this paper we quantify the role that migration researchers have played in the development of the multidisciplinary field of regional science, using the network of scholars who have pursued such work as a case study to illustrate a product‐cycle perspective on the multidisciplinary enterprise of regional science. We examine the historical record of publication of migration papers in five leading regional science journals. We tally the disciplinary affiliations of authors and present a typology of the kinds of migration research disseminated through the auspices of regional science. Of particular interest is how the relative prevalence of migration research within regional science has changed over time, and how the various emphases of migration research within regional science have developed since the beginnings of formalized regional science institutions in the late 1950s to the present day We attempt to set the regional science contributions in the context of migration research more generally, comparing the results of the journal analysis to a broader sample of migration abstracts published in the Population Index. The paper offers a different kind of perspective on the now ubiquitous debates being engaged in by the regional science community over its composition, purpose, and place in the worlds of academia and applied practice.
Competition medals are one of the most readily available sources of expert opinion to wine consumers, yet the “expertise” of competition judges and efficacy of medals have been questioned in the literature. This paper reevaluates the relevance of gold medals using data from ten competitions and scores from two leading wine publications. The analysis begins by exploring differences in gold medal award rates across competitions while holding wine quality constant through paired comparisons, which are found to be substantial. Next, the relevance of gold medals as indicators of wine quality is assessed, using the average scores from Wine Enthusiast and Wine Spectator as surrogates for quality. By itself, knowledge that a wine is a gold medal winner appears to have little relevance, as these wines do not score significantly higher than other medal winners. However, evidence suggests that golds from some competitions may be more relevant than others. (JEL Classifications: L15, L66)
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.