The Measurement of Neighborhood Dynamics in Urban House Prices

Can, Ayşe

doi:10.2307/143400

Cited by 280 publications

(188 citation statements)

References 36 publications

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“…The most common consequence is heteroscedastic errors (Can 1990 (2012) for full details of the extensive diagnostic process.…”

Section: Econometric Strategymentioning

confidence: 99%

Describing Inequalities in Access to Employment and the Associated Geography of Wellbeing

Gibb¹,

Osland²,

Pryce³

2013

Urban Studies

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Abstract:This paper addresses three questions: (1) How unequal is access to urban employment and the wellbeing associated with it? (2) What is the monetary value consumers place on access? (3) How does the inequality of access correspond to the geographical pattern of unemployment? We develop a novel approach using the Osland & Pryce (2012) house price model to estimate the Monetary Value of Access Welfare (MVAW)-the wellbeing associated with living a given distance to employment, taking into account the negative externalities associated with centres of employment, and the complexities that arise from the existence of multiple employment centres of varying size. We find that: (1) MVAW is considerably more unequal than house prices or income; (2) MVAW contributes around 13% of the average value of a house; and (3) the spatial pattern of unemployment rates are highly inelastic with respect to both MVAW and employment, suggesting no evidence of a spatial mismatch.

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“…The most common consequence is heteroscedastic errors (Can 1990 (2012) for full details of the extensive diagnostic process.…”

Section: Econometric Strategymentioning

confidence: 99%

Describing Inequalities in Access to Employment and the Associated Geography of Wellbeing

Gibb¹,

Osland²,

Pryce³

2013

Urban Studies

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“…A VIF of greater than ten indicates the presence of multicollinearity (Myers, 1990). Ambrose (1990) and Can (1990) argue that there is good reason to expect the assumption of unequal variances to be violated in hedonic pric e models of real estate. Consequently we use the Goldfeld-Quant test for heteroscedasticity.…”

Section: Technical Robustnessmentioning

confidence: 99%

The spatial pattern of industrial rents and the role of distance

Dunse

Jones

Brown

et al. 2005

Journal of Property Investment &Amp; Finance

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PurposeThe objective of this paper is to re‐appraise intra‐urban rent models in the context of a multi‐nodal landscape. Primarily, the study focuses on the early work of Alonso and, more recently, Di Pasquale and Wheaton. Although the latter use a more sophisticated approach, both models lead to similar outputs, notably a declining rent gradient from the central business district (CBD). However, throughout the twentieth century there has been a considerable process of urban industrial change. Di Pasquale and Wheaton recognise this and argue that this has led to an almost flat industrial rent gradient.Design/methodology/approachTo assess the current impact on industrial rents a hedonic rent regression model is applied which enables us to standardise for property characteristics.FindingsThe results support the hypothesis that the rent gradient from the CBD for a large city is still downward‐sloping, albeit very shallow. More interesting is the significance of proximity to motorway junctions. The analysis supports the hypothesis of a multi‐nodal rent surface. Proximity to a motorway junction is the most important locational variable with a much steeper and negative gradient than that to the CBD, albeit over a shorter distance.Originality/valueThese results imply that the draw of the CBD in terms of agglomeration economies and its accessibility to labour for a city the size of Glasgow still remains, but its attractions are much denuded with the development of a national motorway network.

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“…A utilização de multimercados e entre períodos proposta por Witte et al (1979), Palmquist (1984), Kahn e Lang (1988) Por conseguinte, outra questão trazida pela literatura de preços hedô-nicos reside no fato de que, por conta dos dados serem inerentemente espaciais, eles costumam ser espacialmente dependentes. Portanto, melhor análise pode ser fornecida quando o tratamento se dá por um método que considere a importância do espaço (Can, 1990(Can, , 1992Anselin, 1998), pois não considerar o efeito espacial no modelo econométrico afeta a magnitude das estimativas, sua signifi cância, bem como pode levar à má interpretação dos testes e heterocedasticidade (Anselin, 2003). Assim, a incorporação do espaço torna a análise mais realística e robusta (Furtado, 2009).…”

Section: Abordagem Empírica Do Modelo De Preços Hedônicosunclassified

O mercado imobiliário residencial no município de São Paulo: uma abordagem de preços hedônicos espacial

Campos

2017

Nova econ.

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Resumo Um dos méritos da abordagem de preços hedô-nicos é poder estimar preços implícitos de carac- AbstractOne of the merits of hedonic prices treatment is its capacity to estimate implicit prices of characteristics that have not a specifi c market. For example, it is possible to estimate implicit characteristics of complex housing markets. The fi rst part of this paper is concerned with the microfoundations of AMM and AMM with amenity models. Using hedonic prices jointly with spatial econometrics estimation I intend to estimate the willingness of consumers to pay for house characteristics and amenities in the São Paulo housing market taking into account consumer profi le.

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The Measurement of Neighborhood Dynamics in Urban House Prices

Cited by 280 publications

References 36 publications

Describing Inequalities in Access to Employment and the Associated Geography of Wellbeing

Describing Inequalities in Access to Employment and the Associated Geography of Wellbeing

The spatial pattern of industrial rents and the role of distance

O mercado imobiliário residencial no município de São Paulo: uma abordagem de preços hedônicos espacial

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