Theory of Urban Land Values

Wendt, Paul F.

doi:10.2307/3144531

Cited by 25 publications

(18 citation statements)

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“…macro environment) and the ''neighborhood characteristics'' (i.e. micro environment) (Jim and Chen, 2007;Wendt, 1957).…”

Section: Introductionmentioning

confidence: 99%

“…Urban land is a multiattribute utility comprising of heterogeneous characteristics (Colwell and Munneke, 1997;Qadeer, 1981;Wendt, 1957), hedonic regression method (HRM) makes its numeral measuring possible. In the HRM, land value can be specified into a bundle of the locational characteristics of the plot and expressed as some kinds of the form of Uðz 1 ; B z 2 ; B .…”

Section: Introductionmentioning

confidence: 99%

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A hedonic model comparison for residential land value analysis

Liu

Zheng

Turkstra

et al. 2010

International Journal of Applied Earth Observation and Geoinfor

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“…macro environment) and the ''neighborhood characteristics'' (i.e. micro environment) (Jim and Chen, 2007;Wendt, 1957).…”

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

A hedonic model comparison for residential land value analysis

Liu

Zheng

Turkstra

et al. 2010

International Journal of Applied Earth Observation and Geoinfor

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“…It has come to common ground that urban land is a multi-attribute utility comprising diverse, heterogeneous characteristics [2][3][4]. As a major component of the property value, its most significant characteristics are neighborhood characteristics and spatial fixity [2,[5][6][7].…”

Section: Introductionmentioning

confidence: 99%

Hedonic valuation of the spatial competition for urban circumstance utilities: case Wuhan, China

2008

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It has generally accepted Alonso's [1] theory about the allocation of different land uses of commerce, resident and industry in urban area. A bunch of researches have provided their aspects of the theme of the relationships between urban circumstances and urban land uses in either the influence of one or several designate circumstance factors on different land uses, or the comprehensive analysis of the influence of all kinds of circumstance on one selected land usage (e.g. residential use). There is still not a wholly analysis about the influence of all kinds of spatial characteristics, available for the location selection of different land uses. That's why this research selects to engage in a study on the difference among "consumer preferences" to the location amenities in the city. Here we regard the behavior as "spatial competition of the locations". Hedonic regression model (HRM) analysis is employed as the basic framework of the research. Tabular comparison of HRM parameters performed with principal components analysis (PCA) and Geographic Information Science (GIS) provides all necessary numerical investigation and spatial analysis until to the finally results. The research can be helpful for putting forward to a further integrated investigation on the relationship between urban circumstance and real land use values.

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“…For example, the common approach to examining locational influence on property values is to include a distance variable from the central business district (CBD), assuming homocentric locations. This is based on the traditional location theory that examines the role of accessibility to central locations on property prices (Wendt, 1957). However, house prices are determined not only by accessibility but also by the environmental attributes of location (Stegman, 1969;Richardson, 1971;Pollakowski, 1982).…”

Section: Traditional Approaches To Modelling Locational Factorsmentioning

confidence: 99%