Preços hedônicos no mercado imobiliário comercial de São Paulo: a abordagem da modelagem multinível com classificação cruzada

Abstract

<jats:p>Os modelos de preços hedônicos frequentemente não levam em consideração a natureza hierárquica com classificação cruzada existente no mercado de aluguel de escritórios. Este artigo emprega um modelo multinível com classificação cruzada (HCM2), com o intuito de examinar a influência das características dos imóveis, dos distritos e das zonas comerciais sobre os preços de aluguel em São Paulo. Por meio de uma amostra com 277 imóveis provenientes de 15 distritos em classificação cruzada com 10 zonas comerciais, encontra-se representatividade das características das propriedades, dos distritos e das zonas comerciais, em caráter multinível, para a diferenciação das médias dos preços de aluguel dos imóveis no ano de 2008.</jats:p>

Cross-classified multilevel determinants of firm’s sales growth in Latin America

“…Cross-classified multilevel models allow for the assessment of the interrelationships among hierarchies through the level 2 equations. Still following the same procedure proposed by Raudenbush and Bryk (2002), Uyar and Brown (2007) and Fávero (2011), we specified the intercept term π 0 jk and the slope coefficients π 1 jk and π 2 jk from the level 1 Equation (2) as functions of the variables of industries and countries. The rest of the level 1 slope coefficients are fixed.…”

“…Cross-classified multilevel analysis is less used than the traditional multilevel models; in cross-classified multilevel analysis, sub-models for each level of analysis can be used to test for the statistical significance of various cross-hierarchical interactions (Uyar and Brown, 2007; Fávero, 2011; Rabe-Hesketh and Skrondal, 2012). As such, these models can take many forms depending on a number of factors, including the number of hierarchies in the data, what the researcher is interested in testing, whether the sub-models have explanatory variables and whether those sub-models account for random effects.…”

“…the contribution of country k to all industries (it is assumed to be normally distributed with 0 mean and τ c00 variance)); and d 0 jk is the random effect of the interaction (i.e. the cell mean’s deviation from the predictions of the general mean and the two main effects (it is assumed to be normally distributed with 0 mean and τ d00 variance)). According to Raudenbush and Bryk (2002) and Fávero (2011), it is given that the unconditional mixed model is defined by replacing (A2) in (A1). Therefore: known as a two-way analysis of variance model with random effects in line b 00 j , random effects in column c 00 k , a two-way interaction d 0 jk and deviations “within” cell e ijk . The two-level models described by Equations (A1) and (A2) decompose the variance of real annual sales growth into within-cell ( σ 2 ) and between-cell components.…”

Neighborhood green and services diversity effects on land prices: Evidence from a multilevel hedonic analysis in Luxembourg

“…As an alternative, Orford (2000) proposes the multilevel approach. This approach has been widely applied among others in the field of education studies (Hill & Rowe, 1996) and health research (Chaix, Merlo, & Chauvin, 2005;Duncan, Jones, & Moon, 1998;Lebel, Kestens, Clary, Bisset, & Subramanian, 2014;Park & Kim, 2014) and with increasing interest as well from other economic fields (Fontes, Simões, De Oliveira, & Hermeto, 2009;Meijer & Rouwendal, 2006), for instance to evaluate business performance and strategies at different levels (Favero & Lopes, 2011) or the relation between infrastructure and income convergence (Almeida & Guimarães, 2014). To date there have been few implementations of this approach in the hedonic pricing context.…”

A indústria da corretagem o segmento de imóveis usados: características e perspectivas futuras

“…A durabilidade dos imóveis e os elevados custos com reformas, contudo, fazem com que parte do estoque disponível para comercialização no mercado imobiliário constitua-se de mercadorias defasadas, do ponto de vista de não mais atenderem a anseios contemporâneos da população 11 . As características contemporâneas constituem um diferencial comum entre os imóveis enquanto mercadorias novas e usadas, todavia, tendem a elevar o preço das unidades, uma vez que os novos elementos embutidos na construção ampliam o pacote de atributos do imóvel e por consequência os custos de construção, Fávero (2011). Assim sendo, pode-se ponderar que a defasagem no que diz respeito ao padrão arquitetônico dos imóveis compõe um dos principais diferenciais entre os imóveis novos e usados, influenciando diretamente o preço de cada tipo de mercadoria.…”