Household Expenditure Patterns for Housing Attributes: A Linear Expenditure System with Hedonic Prices

Housing Stock and Price Adjustments in 12 West European Countries between 1976 and 1999

“…Wilhelmsson (2002) estimated the overall income elasticity on housing to 0.42-0.52 in Sweden and Hansen, Formby and Smith (1998), using Annual Housing Survey data, report income elasticity in the range 0.88-0.90 for homeowners. Hence, the estimated income elasticity in the present study is low.…”

The Physiological and Psychological Effects of Windows, Daylight, and View at Home: Review and Research Agenda

“…Economists who study real estate use what they call hedonic models to analyse the factors that explain real-estate valuations (Gao & Asami, 2001;Kumagai & Yamada, 2008;Samaha & Kamakura, 2008). Although we did not conduct an exhaustive literature search for hedonic models of house prices, few investigations appeared to have included subjective assessments of architectural quality as a predictor (Wilhelmsson, 2002), and none appear to have included objective measures of windows or daylight as predictors. Neighbourhood predictors that are relevant here include access to green space (Gao & Asami, 2001;Kumagai & Yamada, 2008) and sunshine hours (Gao & Asami, 2001), both of which are positively related to housing prices in Japan.…”

Does burglary affect property prices in a nonmetropolitan municipality?

“…One way to assess the individual contribution of each attribute to the price of a good is to employ hedonic price modelling. Traditionally, hedonic price modelling is used to assess property values and one's willingness to pay for the property (Wilhelmsson, 2000(Wilhelmsson, , 2002a. Rosen (1974) suggested that the price of a good is based on attributes that are not homogenously distributed over space; such differences can be implicitly revealed by observed differences in prices.…”