2014
DOI: 10.1016/j.tra.2014.01.006
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The suitability of hedonic models for cost-benefit analysis: Evidence from commuting flows

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Cited by 10 publications
(8 citation statements)
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“…Neighborhoods are composite commodities or “bundles of goods”, some private and some public, some desirable and some not, and some more attractive to some types of household than others [ 12 , 14 ]. There is an extensive literature using hedonic models to estimate the value of individual neighborhood characteristics such as proximity to a train station or a park [ 15 , 16 , 17 , 18 , 19 ]. It is also clear that many neighborhood characteristics are clustered together in complex ways, with some generally seen as “bad” often positively associated with others seen as “good” neighborhood characteristics [ 20 , 21 ].…”
Section: Introductionmentioning
confidence: 99%
“…Neighborhoods are composite commodities or “bundles of goods”, some private and some public, some desirable and some not, and some more attractive to some types of household than others [ 12 , 14 ]. There is an extensive literature using hedonic models to estimate the value of individual neighborhood characteristics such as proximity to a train station or a park [ 15 , 16 , 17 , 18 , 19 ]. It is also clear that many neighborhood characteristics are clustered together in complex ways, with some generally seen as “bad” often positively associated with others seen as “good” neighborhood characteristics [ 20 , 21 ].…”
Section: Introductionmentioning
confidence: 99%
“…In the short run, limited availability of dwellings in the A-town may imply a larger change in housing prices than in the long run. Finally, we would like to add that gravitation models provide an alternative way to model the consequences of reduced impedance on the intensity of interactions between towns, and on housing prices, see for instance Shen (1999) and Gjestland et al (2014).…”
Section: Theoretical Modelmentioning
confidence: 99%
“…Unlike Gjestland et al (2014) and other papers using gravitation models, Eq. (4) does not contain any measures of physical distance or time distance between dwellings and important amenities.…”
Section: Econometric Model and Estimation Proceduresmentioning
confidence: 99%
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