2014
DOI: 10.1061/(asce)is.1943-555x.0000195
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Cost of Right-of-Way Acquisition: Recognizing the Impact of Condemnation via a Switching Regression Model

Abstract: The costs of acquiring parcels by condemnation are usually significantly higher than those for property acquired by negotiation, suggesting that the Right-of-Way (R/W) acquisition costs may best be described by two different regression equations. This paper develops a switching regression model of acquisition cost to simultaneously predict the probability of whether a parcel will go to condemnation rather than be acquired via negotiation and the corresponding acquisition costs under these two regimes. The erro… Show more

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