Specification and estimation of hedonic housing price models
Article Abstract:
The hedonic regression approach to house pricing is evaluated using several spatialeconometric techniques. The models evaluated are the traditional hedonic model,the expansion modeling strategy and the autoregressive versions of the first two. Results indicate that the models are effective if the neighborhood effectsare considered and are conceptionally more accurate in representing the house price determination process.
Publication Name: Regional Science & Urban Economics
Subject: Social sciences
ISSN: 0166-0462
Year: 1992
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Stratetgic location decisions in a growing market
Article Abstract:
The first new business enterprise will locate either in the center of a market to maximize deterrence or on the periphery to minimize competition. The second business will locate in the periphery. Location choice depends on customer location, interest rates, and transportation costs.
Publication Name: Regional Science & Urban Economics
Subject: Social sciences
ISSN: 0166-0462
Year: 2001
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Sequential locations in directional markets
Article Abstract:
Subgame perfect equilibria exist in directional markets with continuous location and noncooperation constraints. This models demonstrates a location equilibrium with movers at the midpoint and the endpoint, different from the Hotelling model.
Publication Name: Regional Science & Urban Economics
Subject: Social sciences
ISSN: 0166-0462
Year: 2001
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