Specification of hedonic regressions: Non-nested tests on measures of neighborhood quality

Dubin, Robin A.; Sung, Chein-Hsing

doi:10.1016/0094-1190(90)90027-k

Cited by 75 publications

(45 citation statements)

References 35 publications

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“…In the empirical urban economic geography literature, distance to central business district (CBD) is considered to be one of the most important location characteristics (CHESHIRE & SHEPPARD, 1995;DUBIN & SUNG, 1990;HEIKKILA et al, 1989;ISAKSON, 1997;JORDAAN, DROST, & MAKGATA, 2004). The original idea that land values decrease with increasing distance from the urban core dates back to VON THÜNEN (1826).…”

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confidence: 99%

“…Berlin is characterised by a striking duo-centricity which emerged during the 1920s and was strengthened during the period of division (ELKINS & HOFMEISTER, 1988). Modelling Berlin as an ideal mono-centric city could lead to biased estimates (DUBIN & SUNG, 1990). In past research, this issue has been addressed by considering minimum distances to both CBDs (AHLFELDT & MAENNIG, 2007a, 2007b.…”

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confidence: 99%

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Monument Protection: Internal and External Price Effects

Ahlfeldt

Maennig

2008

SSRN Journal

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We use transaction data to test for price differentials between listed and nonlisted properties and to study their impact on surrounding property prices. Proximity to built heritage is captured by distance to listed houses and indicators capturing neighborhoods with built heritage. Impact is assessed by applying a hedonic model to micro-level data and a non-parametric approach to location. While our findings suggest that listed properties do not sell at a premium or discount, heritage-listed buildings are found to have positive external effects on surrounding property prices.

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confidence: 99%

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confidence: 99%

Monument Protection: Internal and External Price Effects

Ahlfeldt

Maennig

2008

SSRN Journal

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“…As indicators of neighbourhood quality, we add population density and proportion of foreign residents (DUBIN & SUNG, 1990;TU, 2005). We also consider proportion of other potential low-income groups, such as people over the age of 65, and young professionals and students between the ages of 18 and 27.…”

Section: Data and Data Managementmentioning

confidence: 99%

“…Modelling Berlin as a typical monocentric city could lead to biased estimates (DUBIN & SUNG, 1990 We define CBD West as as having Breitscheidplatz as its centre. The centre of CBD East is defined as the crossroads between Friedrichstrasse and Leipzigerstrasse.…”

Section: Data and Data Managementmentioning

confidence: 99%

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Assessing External Effects of City Airports: Land Values in Berlin

Ahlfeldt

Maennig

2008

SSRN Journal

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Variable selection in STAR models with neighbourhood effects using genetic algorithms

Alberto

Beamonte

Gargallo

et al. 2010

Journal of Forecasting

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In this paper we deal with the problem of variable selection in spatiotemporal autoregressive (STAR) models with neighbourhood effects. We propose a procedure to carry out the selection process, taking into account the uncertainty associated with estimation of the parameters and the predictive behaviour of the compared models, in order to give more realism to the analysis. We set up a multi-objective programming problem that combines the use of different criteria to measure both these aspects. We use genetic algorithms which are very flexible and suitable for our multicriteria decision problem. In particular, the procedure allows us to estimate the number of spatial and temporal nearest neighbours as well as their relative effects. The methodology is illustrated through an application to the real estate market of Zaragoza. Copyright (C) 2010 John Wiley & Son, Ltd.STAR , variable selection , genetic algorithms , neighbourhood effects ,

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Specification of hedonic regressions: Non-nested tests on measures of neighborhood quality

Cited by 75 publications

References 35 publications

Monument Protection: Internal and External Price Effects

Monument Protection: Internal and External Price Effects

Assessing External Effects of City Airports: Land Values in Berlin

Variable selection in STAR models with neighbourhood effects using genetic algorithms

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